Brandywine Realty announces purchase of $100 million of notes

Brandywine Realty announces purchase of notes

RADNOR, Pa. — Brandywine Realty Trust, a real estate investment trust, said Thursday it completed the purchase of $100 million of its 5.75 percent notes.

The purchase was made through its operating partnership, Brandywine Operating Partnership LP. The notes are due April 1, 2012.

The purchased notes will be canceled and represent 34.7 percent of the $287 million principal amount of the notes outstanding before the offer. The company said $187.8 million of the notes remain outstanding.

Brandywine said the purchase was funded by the company’s unsecured revolving credit facility and available cash.