Brandywine Realty intends to prepay secured loan in October

The company aid, “During October, we intend to prepay a secured loan using a combination of cash on hand, our $600 million unsecured line-of-credit and proceeds from additional sources of liquidity, as appropriate. The secured loan totals $245 million and has a scheduled maturity date in February 2028 and is currently secured by 7 properties totaling 1.4 million square feet located in several of our segments. If the secured loan is prepaid, Brandywine will have a wholly owned operating portfolio that is fully unencumbered. We estimate the prepayment will result in a fourth quarter earnings charge totaling $12-$14 million, or $0.07-$0.09 per common share which is currently not included in our 2025 earnings guidance.”