Piedmont Realty Trust plans USD 200 million exchangeable senior notes offering

Reuters2026/09/14 11:42

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Piedmont Realty Trust’s operating partnership launched a private offering of USD 200 million exchangeable senior notes due 2031.
Initial purchasers can buy up to an additional USD 30 million of notes within 13 days, taking potential issuance to USD 230 million.
Proceeds earmarked to redeem outstanding 9.250% senior notes due 2028, including make-whole premium, using cash and credit-line borrowings.
Up to about USD 50 million of net proceeds slated for a concurrent privately negotiated repurchase of common shares.

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 GlobeNewswire (Ref. ID: 202609140742PRIMZONEFULLFEED9826140) on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Piedmont Realty Trust plans USD 200 million exchangeable senior notes offering

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