RADNOR, Pa., Aug. 20 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE:BDN) announced today the early tender date results of the previously announced tender offer by its operating partnership, Brandywine Operating Partnership, L.P. (the "Operating Partnership"), to purchase up to an aggregate of $100,000,000 principal amount of its 5.75% Guaranteed Notes due April 1, 2012 (the "2012 Notes") and 5.625% Guaranteed Notes due December 15, 2010 (the "2010 Notes") and terminated the tender offer announced August 6, 2009 with respect to the 2010 Notes. The Operating Partnership received early tenders in excess of $100,000,000 aggregate principal amount of its 2012 Notes as of 5:00 p.m., New York City time, on August 19, 2009, the early tender date and withdrawal deadline for the tender offer. Because the aggregate principal amount of the 2012 Notes tendered exceeds the $100,000,000 maximum tender cap, the 2012 Notes validly tendered at or prior to 11:59 p.m., New York City time, on September 2, 2009, the expiration date with respect to the tender offer, will, if accepted for purchase, be purchased on a pro rata basis as described in the Offer to Purchase. Holders of 2012 Notes tendering after, 5:00 p.m., New York City time, on August 19, 2009, will not be entitled to receive the early tender payment. The proration factor for the 2012 Notes cannot be determined until the expiration date of the tender offer. Because the 2012 Notes have a purchase acceptance priority over the 2010 Notes in the tender offer and the aggregate principal amount of the 2012 Notes tendered exceeds the $100,000,000 maximum tender cap, the Operating Partnership has terminated the tender offer with respect to the 2010 Notes. Any 2010 Notes previously tendered will be promptly returned to the tendering parties, and no 2010 Notes will be accepted for purchase. The full terms and conditions of the tender offer are set forth in the Offer to Purchase dated August 6, 2009 and the related Letter of Transmittal. Wells Fargo Securities acted as Lead Dealer Manager for the tender offer. Citi and Deutsche Bank Securities served as Co-Dealer Managers for the tender offer. This press release is neither an offer to purchase nor a solicitation to buy any of the 2010 or 2012 Notes nor is it a solicitation for acceptance of the tender offer. About Brandywine Realty Trust Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Organized as a real estate investment trust and operating in select markets, Brandywine owns, develops and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 37.3 million square feet, including 26.1 million square feet which it owns on a consolidated basis. Forward-Looking Statements Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. DATASOURCE: Brandywine Realty Trust CONTACT: Investor/Press, Marge Boccuti, Manager, Investor Relations, +1-610-832-7702, , or Comapny, Howard M. Sipzner, EVP & CFO, +1-610-832-4907, , both of Brandywine Realty Trust Web Site: http://www.brandywinerealty.com/

Copyright