• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form FWP filed by COPT Defense Properties

    9/23/25 5:29:17 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate
    Get the next $CDP alert in real time by email
    FWP 1 tm2525334d4_fwp.htm FWP

     

    Free Writing Prospectus

    Filed pursuant to Rule 433
    Dated September 23, 2025
    Relating to
    Preliminary Prospectus Supplement, dated September 23, 2025 to

    Prospectus, dated, April 8, 2025

    Registration Statement Nos. 333-286440 and 333-286440-01

     

    Final Term Sheet dated September 23, 2025

     

    Final Term Sheet

    A blue and grey logo

AI-generated content may be incorrect.

     

    4.500% Senior Notes due 2030

     

    Issuer:

     

    Guarantor:

     

    Format:

    COPT Defense Properties, L.P.

     

    COPT Defense Properties

     

    SEC Registered

    Expected Ratings (Moody’s/S&P/Fitch):* Baa3 / BBB- / BBB-
    Principal Amount: $400,000,000
    Title of Securities: 4.500% Senior Notes due 2030
    Trade Date: September 23, 2025
    Original Issue Date (Settlement Date): October 2, 2025 (T+7)
    Maturity Date: October 15, 2030
    Interest Payment Dates: Semi-annually in arrears on each April 15 and October 15, commencing April 15, 2026
    Benchmark Treasury: 3.625% due August 31, 2030
    Benchmark Treasury Price/Yield: 99-25+ / 3.670%
    Spread to Benchmark Treasury: T+95 basis points
    Yield to Maturity: 4.620%
    Coupon (Interest Rate): 4.500% per annum
    Public Offering Price: 99.464% of the principal amount
    Optional Redemption Provisions:  
    Make-Whole Call: Prior to September 15, 2030, T+15 basis points
    Par Call: On or after September 15, 2030
    CUSIP / ISIN: 12713U AA4 / US12713UAA43

     

     

     

     

    Joint Book-Running Managers:

    Wells Fargo Securities, LLC

     

    PNC Capital Markets LLC

     

    TD Securities (USA) LLC

     

    KeyBanc Capital Markets Inc.

    Co-Manager: M&T Securities, Inc.

    *Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    Changes to Preliminary Prospectus Supplement:

    As of September 22, 2025, we had approximately $136.0 million of borrowings outstanding under our unsecured revolving credit facility and approximately $125.0 million outstanding on the existing term loan. Borrowings under our unsecured revolving credit facility had a weighted average interest rate of approximately 5.37% per annum and will mature on October 26, 2026, and the existing term loan had an interest rate of approximately 5.68% per annum and will mature on January 30, 2026.

     

    The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement, dated September 23, 2025 with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the related preliminary prospectus supplement 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 website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it by calling Wells Fargo Securities, LLC toll-free at 1-800-645-3751; PNC Capital Markets LLC toll-free at 1-855-881-0697; and TD Securities (USA) LLC toll-free at 1-855-495-9846.

     

    Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

     

     

     

     

     

    Get the next $CDP alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $CDP

    DatePrice TargetRatingAnalyst
    10/1/2025$35.00Overweight
    Cantor Fitzgerald
    3/17/2025$31.00Buy
    Jefferies
    3/22/2024$29.00 → $25.00Buy → Neutral
    Citigroup
    2/21/2024$26.00 → $28.00Hold → Buy
    Jefferies
    2/12/2024$27.00 → $28.00In-line → Outperform
    Evercore ISI
    12/18/2023$26.00Overweight → Neutral
    JP Morgan
    10/3/2023$27.00Outperform
    Wedbush
    More analyst ratings

    $CDP
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    COPT Defense Provides Conference Call Details to Discuss 3Q 2025 Results

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss third quarter 2025 results. Details: Results Release Date:   Thursday, October 30, 2025 after the market closes Conference Call Date:   Friday, October 31, 2025 Time:   12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and af

    10/1/25 4:16:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense Prices $400 Million of 4.500% Senior Notes due 2030

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced that its operating partnership, COPT Defense Properties, L.P. (the "Operating Partnership"), priced an underwritten public offering (the "Offering") of $400 million of 4.500% Senior Notes due 2030 (the "2030 Notes"). The Company will fully and unconditionally guarantee the Operating Partnership's obligations under the 2030 Notes. The Offering is expected to close on October 2, 2025, subject to the satisfaction of customary closing conditions. Wells Fargo Securities, LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, and KeyBanc Capital Markets Inc., are acting as joint book-running managers for the Offering

    9/23/25 4:54:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense to Present at the BofA Securities 2025 Global Real Estate Conference

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2025 Global Real Estate Conference in New York City, NY. The presentation will be held on Thursday, September 11, 2025 at 11:05 a.m. Eastern Time. A live audio webcast of the presentation will be available in the ‘News & Events – IR Calendar' section of COPT Defense's Investors website: https://investors.copt.com/news-events/ir-calendar. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating a

    9/9/25 4:16:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    $CDP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 4 filed by Director Denton Robert L

    4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)

    9/25/25 4:52:55 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    Director Trimberger Lisa G sold $241,965 worth of shares (7,896 units at $30.64), decreasing direct ownership by 19% to 20,287 units (SEC Form 4)

    4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)

    9/18/25 5:01:44 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    SEC Form 4 filed by Director Denton Robert L

    4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)

    9/8/25 12:32:34 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    $CDP
    SEC Filings

    View All

    COPT Defense Properties filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)

    9/29/25 4:07:02 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    SEC Form FWP filed by COPT Defense Properties

    FWP - COPT DEFENSE PROPERTIES (0000860546) (Subject)

    9/23/25 5:29:17 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense Properties filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)

    9/23/25 8:46:18 AM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    $CDP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Cantor Fitzgerald initiated coverage on COPT Defense Properties with a new price target

    Cantor Fitzgerald initiated coverage of COPT Defense Properties with a rating of Overweight and set a new price target of $35.00

    10/1/25 8:47:38 AM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    Jefferies initiated coverage on COPT Defense Properties with a new price target

    Jefferies initiated coverage of COPT Defense Properties with a rating of Buy and set a new price target of $31.00

    3/17/25 7:26:22 AM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense Properties downgraded by Citigroup with a new price target

    Citigroup downgraded COPT Defense Properties from Buy to Neutral and set a new price target of $25.00 from $29.00 previously

    3/22/24 7:28:23 AM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    $CDP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    EVP & COO Snider Britt A. bought $26,930 worth of shares (1,000 units at $26.93), increasing direct ownership by 50% to 3,000 units (SEC Form 4)

    4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)

    2/26/25 4:14:01 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    EVP & COO Snider Britt A. bought $29,407 worth of shares (1,000 units at $29.41), increasing direct ownership by 100% to 2,000 units (SEC Form 4)

    4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)

    9/11/24 9:08:32 AM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    $CDP
    Leadership Updates

    Live Leadership Updates

    View All

    COPT Defense Appoints Britt A. Snider as Chief Operating Officer

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023. Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy. Prior to joining COPT Defense, he served as Principal of Redbrick LMD, a diversified real estate investment and development company based in Washington, D.C., where he was a member of the senior leadership team overseeing the company's development, asset management and leasing activities

    11/13/23 6:00:00 PM ET
    $CDP
    $JBGS
    Real Estate Investment Trusts
    Real Estate

    $CDP
    Financials

    Live finance-specific insights

    View All

    COPT Defense Provides Conference Call Details to Discuss 3Q 2025 Results

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss third quarter 2025 results. Details: Results Release Date:   Thursday, October 30, 2025 after the market closes Conference Call Date:   Friday, October 31, 2025 Time:   12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and af

    10/1/25 4:16:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense Declares Third Quarter 2025 Common Dividend

    COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the third quarter ending September 30, 2025. The third quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on October 16, 2025, to shareholders of record on September 30, 2025. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The C

    8/14/25 4:16:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate

    COPT Defense Reports Second Quarter 2025 Results

    EPS of $0.34 FFO per Share, as Adjusted for Comparability, of $0.68 6.3% FFO per Share Growth Year-over-Year 2-cents above the Midpoint of Guidance Increased Midpoint of 2025 FFO per Share Guidance by 1-cent to $2.67 Implies 3.9% FFO per Share Growth for the Year Same Property Cash NOI Increased 2.2% in 2Q25 and 4.6% Year-to-Date Increased Midpoint of 2025 Guidance for the Year by 50 basis points to 3.25% Continued Strong Occupancy and Leased Levels Total Portfolio 94.0% Occupied and 95.6% Leased Defense/IT Portfolio 95.6% Occupied and 96.8% Leased Strong Leasing in 1H25; On Track to Exceed Initial 2025 Goals Total Leasing in 2Q25 and 1H25 of 724,000 SF and 1.4 million SF, respectiv

    7/28/25 4:16:00 PM ET
    $CDP
    Real Estate Investment Trusts
    Real Estate