RADNOR, PA-Secured in December, Brandywine Realty Trust’s lender commitments for a new $600 million four-year unsecured revolving credit facility and $600 million in term loans are expected to close between January 15 and February 15, with a target closing of Feb. 1.

The term loans consist of a $150 million three-year loan, a $250 million four-year loan and a $200 million seven-year loan. The deals will retire the company’s existing $600 million unsecured revolving credit facility and $183 million term loan, both scheduled to mature on June 29. The net proceeds from the term loans will then be available to retire the balance of the Company's 5.75% unsecured notes at their maturity on April 1. Brandywine then will have no significant debt maturities until November 2014, the company says.

"The successful arrangement of $1.2 billion of new bank financing is transformative for our company and reinforces the steps we have taken to enhance our credit quality and execute our business plan objectives," says Howard Sipzner, executive VP and CFO of Brandywine Realty Trust, in a statement. "We are gratified by the leadership of our agent banks and strong support of the banking community, which resulted in an upsized transaction, an efficient structure, attractive pricing and a flexible closing on February 1, 2012. With this important financing now in place, we have no unaddressed refinancing needs until the end of 2014 and have fixed a series of unprecedented low interest rates all the way out to 2019."