secwatch.observer — SEC 8-K summary
======================================

Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2021-09-20T23:59:59+00:00
Accession:  0001193125-21-277370
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Office Realty issues $300M 2.750% Notes due 2032, repays term loan
---------------------------------------------------------------------------

- Issued $300M aggregate principal of 2.750% Senior Notes due April 1, 2032.
- Notes fully and unconditionally guaranteed by Piedmont Office Realty Trust.
- Net proceeds used to prepay entire balance of $300M 2011 Term Loan and terminate agreement.
- Interest payable semi-annually Apr 1 and Oct 1, starting Apr 1, 2022.
- Indenture contains covenants including 150% unencumbered asset coverage for unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000119312521277370/0001193125-21-277370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000119312521277370/d231046d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-277370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer