Brandywine Realty Trust (BDN) announced Thursday announced an underwritten public offering of 10 million common shares. The company also granted underwriters an option to purchase an additional 1.5 million shares.
The net proceeds of the offering, will be used for working capital, capital expenditures and other general corporate purposes, including acquisitions, developments and repayment, repurchase and refinancing of debt, said Brandywine.
For the offering, BofA Merrill Lynch and Citigroup are serving as the joint book-running managers.
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