Filed pursuant to Rule 433
Registration No. 333-124681
BRANDYWINE OPERATING PARTNERSHIP, L.P.
$300,000,000 5.625% GUARANTEED NOTES DUE 2010
FINAL TERM SHEET
Dated
December 15, 2005
| Issuer: | Brandywine Operating Partnership, L.P. | |||
| Size: | $300,000,000 | |||
| Maturity: | December 15, 2010 | |||
| Coupon (Interest Rate): | 5.625% per annum | |||
| Yield to Maturity: | 5.627% | |||
| Spread to Benchmark Treasury: | 1.25% (125 basis points) | |||
| Benchmark Treasury: | U.S. Treasury 4.375% due December 2010 | |||
| Benchmark Treasury Price and Yield: | 99-31 3/4%; 4.377% | |||
| Interest Payment Dates: | June 15 and December 15 | |||
| Redemption Provision: | Make-whole call at any time based on U.S. Treasury plus 0.20% (20 basis points) | |||
| Price to Public: | 99.992% of principal amount | |||
| Settlement Date: | T+3; December 20, 2005 |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus, which, in the case of the issuer, you may request the prospectus by calling Investor Relations, 610-325-5600 or emailing [email protected] at Brandywine Realty Trust.