Brandywine Realty Trust Amends Credit Agreement
Ticker: BDN · Form: 8-K · Filed: Apr 23, 2024 · CIK: 790816
| Field | Detail |
|---|---|
| Company | Brandywine Realty Trust (BDN) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $400 million, $221,601,000, $335,100,000, $75,000, $1,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, credit-agreement, amendment
TL;DR
Brandywine Realty Trust just amended its credit agreement, potentially changing its debt terms.
AI Summary
On April 23, 2024, Brandywine Realty Trust filed an 8-K to report an event that accelerates or increases a direct financial obligation. The filing details an amendment to a credit agreement, specifically the Fourth Amendment to the Fourth Amended and Restated Credit Agreement dated as of April 23, 2024, which impacts their financial obligations.
Why It Matters
This filing indicates a change in Brandywine Realty Trust's credit terms, which could affect its borrowing capacity and financial flexibility.
Risk Assessment
Risk Level: medium — Amendments to credit agreements can signal changes in a company's financial health or its ability to manage debt.
Key Players & Entities
- Brandywine Realty Trust (company) — Filer of the 8-K
- Brandywine Operating Partnership, L.P. (company) — Related entity to the filer
- April 23, 2024 (date) — Date of the filing and amendment
FAQ
What specific changes were made to the credit agreement?
The filing indicates a 'Fourth Amendment to the Fourth Amended and Restated Credit Agreement' dated April 23, 2024, but the specific details of the changes are not provided in this summary.
What is the primary purpose of this 8-K filing?
The primary purpose is to report an event that accelerates or increases a direct financial obligation or an obligation under an off-balance sheet arrangement.
Who is the primary filer of this document?
The primary filer is Brandywine Realty Trust.
When was the credit agreement amendment effective?
The amendment to the credit agreement was dated April 23, 2024.
Does this filing provide specific financial figures related to the credit agreement amendment?
This 8-K filing, as summarized, does not provide specific dollar amounts or financial figures related to the credit agreement amendment.
Filing Stats: 1,314 words · 5 min read · ~4 pages · Grade level 10.4 · Accepted 2024-04-23 16:59:08
Key Financial Figures
- $400 million — eviously announced offering and sale of $400 million in aggregate principal amount of the 8.
- $221,601,000 — of the expiration of the Tender Offer, $221,601,000 or 66.13% of the $335,100,000 aggregate
- $335,100,000 — er Offer, $221,601,000 or 66.13% of the $335,100,000 aggregate principal amount of the 2024
- $75,000 — ithdrawn in the Tender Offer (excluding $75,000 in aggregate principal amount of the 20
- $1,000 — tion (the "Purchase Price") offered per $1,000 principal amount of 2024 Notes validly
Filing Documents
- d826708d8k.htm (8-K) — 47KB
- d826708dex991.htm (EX-99.1) — 8KB
- d826708dex992.htm (EX-99.2) — 15KB
- d826708dex993.htm (EX-99.3) — 13KB
- g826708g0419184724705.jpg (GRAPHIC) — 3KB
- 0001193125-24-107178.txt ( ) — 251KB
- bdn-20240419.xsd (EX-101.SCH) — 5KB
- bdn-20240419_cal.xml (EX-101.CAL) — 1KB
- bdn-20240419_def.xml (EX-101.DEF) — 12KB
- bdn-20240419_lab.xml (EX-101.LAB) — 16KB
- bdn-20240419_pre.xml (EX-101.PRE) — 12KB
- d826708d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit Description 99.1 Press Release of Brandywine Realty Trust dated April 23, 2024. 99.2 Press Release of Brandywine Realty Trust dated April 19, 2024. 99.3 Press Release of Brandywine Realty Trust dated April 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Table of Contents
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. B RANDYWINE R EALTY T RUST By: /s/ Gerard H. Sweeney Gerard H. Sweeney President and Chief Executive Officer B RANDYWINE O PERATING P ARTNERSHIP , L.P. By: B RANDYWINE R EALTY T RUST , ITS G ENERAL P ARTNER By: /s/ Gerard H. Sweeney Gerard H. Sweeney President and Chief Executive Officer Date: April 23, 2024