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Piedmont Realty Trust unit issues USD 230 million 2.875% exchangeable senior notes due 2031

PUBT·09/17/2026 20:17:25
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Piedmont Realty Trust unit issues USD 230 million 2.875% exchangeable senior notes due 2031
  • Piedmont Realty Trust’s operating partnership issued USD 230 million of 2.875% Exchangeable Senior Notes due 2031.
  • Notes mature Feb. 1, 2031; interest paid Feb. 1 and Aug. 1, starting Feb. 1, 2027.
  • Proceeds earmarked to redeem outstanding 9.250% senior notes due 2028, including make-whole premium and accrued interest.
  • Exchange rate set at 79 shares per USD 1,000 principal; implies initial exchange price of about USD 12.65 per share.
  • About USD 50 million used to repurchase 5,434,782 shares in privately negotiated deals tied to the offering.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Piedmont Realty Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-394364), on September 17, 2026, and is solely responsible for the information contained therein.