debt
confidence high
sentiment neutral
materiality 0.55
Piedmont Office Realty Trust commences tender offer to repurchase all $400M of 4.450% notes due 2024
Piedmont Realty Trust, Inc.
- Tender offer for any and all $400M aggregate principal of 4.450% senior notes due 2024 at $1,000 per $1,000 principal plus accrued interest.
- Offer expires July 24, 2023; settlement expected July 27, 2023.
- Tender offer conditioned on completion of proposed debt financing; no minimum tender condition.
- BofA Securities and J.P. Morgan are dealer managers; D.F. King is tender agent.