Piedmont Office Realty Trust (PDM) Prices $400M Notes Offering
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Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering
July 18, 2023 5:01 PM EDTAtlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the Company or Piedmont) (NYSE: PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the Operating Partnership), has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2028 at 99.000% of the principal amount. The offering is expected to close on July 20, 2023, subject to the satisfaction of customary closing conditions.
Piedmont intends to use the net proceeds from the offering, together with cash on hand, if necessary, to fund the purchase of all of its outstanding 4.45% senior notes due 2024 that are... More
