Brandywine Realty Trust Announces Expiration of Tender Offer for the 2029 Notes

PHILADELPHIA, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the “2029 Notes Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), for up to $70,000,000 in aggregate principal amount (the “2029 Series Cap”) of its outstanding 8.875% guaranteed notes due 2029 (the “2029 Notes”). The Operating Partnership previously announced that it had extended the 2029 Notes Tender Offer for the 2029 Notes. The 2029 Notes Tender Offer expired at 5:00 p.m., New York City time, on Tuesday, August 25, 2026 (the “2029 Notes Expiration Date”) pursuant to the Operating Partnership’s Offer to Purchase, dated August 17, 2026 (the “Offer to Purchase”). As of the 2029 Notes Expiration Date, $275,696,000 or approximately 50.1% of the $550,000,000 aggregate principal amount of the 2029 Notes had been validly tendered and not withdrawn in the 2029 Notes Tender Offer. The Operating Partnership accepted for purchase $70,000,000 of the 2029 Notes validly tendered and delivered (and not validly withdrawn) in the 2029 Notes Tender Offer at or prior to the 2029 Notes Expiration Date, subject to the 2029 Series Cap and proration. Payment for the 2029 Notes purchased pursuant to the 2029 Notes Tender Offer is intended to be made on August 27, 2026 (the “2029 Notes Settlement Date”).