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BDN > SEC Filings for BDN > Form 8-K on 28-May-2009All Recent SEC Filings

Show all filings for BRANDYWINE REALTY TRUST | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BRANDYWINE REALTY TRUST


28-May-2009

Other Events


Item 8.01 Other Events.
On May 28, 2009, Brandywine Realty Trust (the "General Partner"), the sole general partner of Brandywine Operating Partnership, L.P. (the "Operating Partnership"), announced that the Operating Partnership has accepted for purchase $34.5 million principal amount of the Operating Partnership's outstanding 5.625% Guaranteed Notes due December 15, 2010 (collectively, the "Notes"), all of which were validly tendered pursuant to the Operating Partnership's previously announced cash tender offer for the Notes (the "Tender Offer") and not withdrawn at or prior to the Expiration Time (as defined below). The Notes accepted for purchase represent approximately 13.9% of the $249.1 million aggregate principal amount of Notes outstanding immediately prior to the Tender Offer and 34.5% of the $100.0 million maximum principal amount (the "Tender Cap") stipulated in the Tender Offer. The Tender Offer expired at 11:59 p.m., New York City time, on Wednesday, May 27, 2009 (the "Expiration Time"). Payment for Notes purchased pursuant to the Tender Offer was made on Thursday, May 28, 2009 (the "Payment Date").
The consideration paid for Notes accepted for payment is $930 per $1,000 principal amount of Notes, plus accrued and unpaid interest on such Notes to, but not including, the Payment Date. The aggregate consideration for Notes accepted for payment, including accrued and unpaid interest thereon, was approximately $33.0 million. Payment for Notes tendered was funded from borrowings under the Company's unsecured revolving credit facility and the associated Notes have been retired. Following the completion of the Tender, $214.6 million of the Notes are outstanding.
The Tender Offer was made pursuant to the Operating Partnership's Offer to Purchase dated April 29, 2009 and the related Letter of Transmittal.
Wachovia Securities acted as Lead Dealer Manager in connection with the Tender Offer. RBS and BNY Mellon Capital Markets, LLC served as Co-Dealer Managers for the Tender Offer.
A copy of the General Partner's press release announcing the completion of the Tender Offer is filed herewith as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

Exhibit No. Description

99.1 Press Release, dated May 28, 2009


Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Brandywine Realty Trust

By: /s/ Howard M. Sipzner

Howard M. Sipzner
Executive Vice President and Chief Financial Officer

By: Brandywine Operating Partnership, L.P.

By: Brandywine Realty Trust, its General Partner

By: /s/ Howard M. Sipzner

Howard M. Sipzner Executive Vice President and Chief Financial Officer

Date: May 28, 2009


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