Brandywine Realty Trust Announces Upsize and Extension of Expiration of the Previously Announced Tender Offer for the 2029 Notes

About this update from Brandywine Realty Trust

PHILADELPHIA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today a $20,000,000 increase in 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”) and extension of the expiration date of the previously announced cash tender offer (the “2029 Notes Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), for its outstanding 8.875% guaranteed notes due 2029 (the “2029 Notes”) pursuant to the Operating Partnership’s Offer to Purchase, dated August 17, 2026 (the “Offer to Purchase”). The expiration date for the 2029 Notes Tender Offer has been extended from 5:00 p.m., New York City time, on August 21, 2026, to 5:00 p.m., New York City time, on August 25, 2026 (such time and date, as the same may be extended, the “Expiration Date”). Certain information regarding the 2029 Notes is set forth in the table below.Title of NotesCUSIP Number/ISIN(1)Aggregate Principal Amount Outstanding(2)Series Cap(3)Tender Offer Consideration(4)8.875% Guaranteed Notes due April 12, 2029105340 AS2/ US105340AS20$550,000,000$70,000,000$1,068.75(1)No representation is made as to the correctness or accuracy of the CUSIP Numbers listed in this press release. They are provided solely for the convenience of the Holders (as defined herein) of the Notes.  (2)As of the date of this press release.  (3)The 2029 Series Cap represents the maximum aggregate principal amount of the 2029 Notes that may be purchased pursuant to the 2029 Notes Tender Offer. The Operating Partnership reserves the right, but is under no obligation, to further increase or decrease the Aggregate Maximum Tender Amount and/or the 2029 Series Cap at any time, without extending the Withdrawal Deadline (as defined herein) for the 2029 Notes Tender Offer or otherwise reinstating withdrawal or revocation rights of Holders, subject to applicable law, which could result in the Operating Partnership purchasing a greater or lesser aggregate principal amount of the 2029 Notes in the 2029 Notes Tender Offer. There can be no assurance that the Operating Partnership will exercise its right to further increase or decrease the Aggregate...

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