Piedmont Realty Trust, Inc. 8K

Piedmont Realty Trust’s operating partnership plans a private $200 million (plus up to $30 million option) exchangeable senior notes offering due 2031 to refinance its 9.250% 2028 notes and repurchase up to $50 million of common stock.

On September 14, 2026, Piedmont Realty Trust, Inc. announced that its operating partnership, Piedmont Operating Partnership, LP, intends to privately offer $200 million of exchangeable senior notes due 2031 (with an additional $30 million option for initial purchasers) under Rule 144A, guaranteed on a senior unsecured basis by Piedmont, with the notes being exchangeable into cash or a combination of cash and Piedmont common stock, redeemable under specified pricing, REIT-preservation, and size conditions, and entitled to registration rights; the operating partnership plans to use the net proceeds, along with proceeds from forward equity sales, cash on hand, and line-of-credit borrowings, primarily to redeem its outstanding 9.250% senior notes due 2028 (including any make-whole premium and accrued interest) and to fund up to approximately $50 million of concurrent share repurchases of Piedmont common stock from certain note purchasers.

Filing Facts

CIK

1042776

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-389860

Alert Tier

7