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BDN > SEC Filings for BDN > Form 8-K on 2-Jun-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


2-Jun-2009

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2009, Brandywine Realty Trust (the "Company") completed an underwritten public offering (the "Offering") of 40,250,000 of our common shares of beneficial interest, par value $0.01 per share (collectively, the "Common Shares"), with Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities Inc., and Citigroup Global Markets Inc., as representatives of the several underwriters (the "Underwriters") named in the Underwriting Agreement (as defined herein below). The Common Shares were issued and sold by the Company to the Underwriters at a public offering price of $6.30 per Common Share pursuant to an Underwriting Agreement (the "Underwriting Agreement") entered into on May 27, 2009 by and among the Company, Brandywine Operating Partnership, L.P., the subsidiary through which the Company owns its assets and conducts its business, and the Underwriters. The Common Shares sold include 5,250,000 shares issued and sold pursuant to the Underwriters' exercise in full of their over-allotment option under the Underwriting Agreement. A copy of the Underwriting Agreement is filed herewith as Exhibit 1.1.
The Company estimates that it will receive net proceeds of approximately $242.5 million from the Offering after deducting underwriting discounts and commissions and expenses. The Company intends to use the net proceeds from the Offering to repay outstanding borrowings under its $600 million unsecured revolving credit facility and for general corporate purposes. Item 9.01. Financial Statements and Exhibits Exhibit
1.1    Underwriting Agreement among Brandywine Realty Trust, Brandywine Operating
       Partnership, L.P., and Merrill Lynch & Co., Inc., Merrill Lynch, Pierce,
       Fenner & Smith Incorporated, J.P. Morgan Securities Inc., and Citigroup
       Global Markets Inc., as representatives of the Underwriters named in
       Schedule I thereto, dated May 27, 2009

5.1    Opinion of Pepper Hamilton LLP regarding the legality of the Common Shares

8.1    Opinion of Pepper Hamilton LLP as to certain tax matters

23.1   Consent of Pepper Hamilton LLP (contained in Exhibit 5.1 hereto)

23.2   Consent of Pepper Hamilton LLP (contained in Exhibit 8.1)


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: June 2, 2009


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