Brandywine Realty Trust Announces Expiration of Tender Offer for the 2028 Notes

PHILADELPHIA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the “2028 Notes Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), for up to $50,000,000 in aggregate principal amount (the “2028 Series Cap”) of its outstanding 7.550% guaranteed notes due 2028 (the “2028 Notes”). The Operating Partnership previously announced that it had extended its cash tender offer (the “2029 Notes Tender Offer” and, together with the 2028 Notes Tender Offer, the “Tender Offers”) for its outstanding 8.875% guaranteed notes due 2029 (the “2029 Notes” and, together with the 2028 Notes, the “Notes”) and increased the aggregate principal amount applicable to the 2029 Notes that it would accept (the “2029 Series Cap”) from $50,000,000 to $70,000,000, resulting in a corresponding increase in the aggregate maximum tender amount (the “Aggregate Maximum Tender Amount”) from $100,000,000 to $120,000,000. The 2028 Notes Tender Offer expired at 5:00 p.m., New York City time, on Friday, August 21, 2026 (the “2028 Notes Expiration Date”) pursuant to the Operating Partnership’s Offer to Purchase, dated August 17, 2026 (the “Offer to Purchase”). As of the 2028 Notes Expiration Date, $327,405,000 or approximately 93.5% of the $350,000,000 aggregate principal amount of the 2028 Notes had been validly tendered and not withdrawn in the 2028 Notes Tender Offer. The Operating Partnership accepted for purchase $50,000,000 of the 2028 Notes validly tendered and delivered (and not validly withdrawn) in the 2028 Notes Tender Offer at or prior to the 2028 Notes Expiration Date, subject to the 2028 Series Cap and proration. The 2029 Notes Tender Offer remains open and its expiration date has been extended to 5:00 p.m., New York City time, on August 27, 2026. Payment for the 2028 Notes purchased pursuant to the 2028 Notes Tender Offer is intended to be made on August 25, 2026 (the “2028 Notes Settlement Date”).