secwatch / observer
8-K filed December 11, 2023, 6:59 PM ET ticker PDM CIK 0001042776
debt confidence high sentiment neutral materiality 0.55

Piedmont Realty Trust, Inc. (PDM): debt financing — Piedmont Office Realty Trust issues $200M additional 9.250% Senior Notes due 2028

Piedmont Realty Trust, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Piedmont Realty Trust, Inc. incurred senior notes of $200,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% maturing July 20, 2028.

Instrument
senior notes
Principal
$200,000,000 aggregate principal amount
Counterparty
U.S. Bank Trust Company, National Association
Rate
9.250%
Maturity
July 20, 2028
Event
incurrence
Exact text from the filing
On December 11, 2023, Piedmont Operating Partnership, LP (the “Operating Partnership”), the operating partnership and wholly owned subsidiary of Piedmont Office Realty Trust, Inc. (the “Company”), issued an additional $200,000,000 aggregate principal amount of 9.250% Senior Notes due 2028 (the “Additional Notes”), which mature on July 20, 2028.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Piedmont Realty Trust, Inc. entered into Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $200,000,000 aggregate principal amount of 9.250% Senior Notes due 2028 (effective 2023-12-11).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$200,000,000 aggregate principal amount of 9.250% Senior Notes due 2028
Effective
2023-12-11
Exact text from the filing
On December 11, 2023, Piedmont Operating Partnership, LP (the “Operating Partnership”), the operating partnership and wholly owned subsidiary of Piedmont Office Realty Trust, Inc. (the “Company”), issued an additional $200,000,000 aggregate principal amount of 9.250% Senior Notes due 2028 (the “Additional Notes”), which mature on July 20, 2028. The Additional Notes were issued under the existing indenture, dated as of March 6, 2014 (as amended and supplemented by a supplemental indenture (the “Supplemental Indenture”), dated as of July 20, 2023, the “Indenture”), by and among the Operating Partnership, the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), pursuant to which the Operating Partnership previously issued $400,000,000 aggregate principal amount of its 9.250% Senior Notes due 2028 (the “Existing Notes” and, together with the Additional Notes, the “Notes”), all of which remain outstanding.
View on SEC.gov

73 debt financings filed in the last 30 days. Browse all debt financings →

Piedmont Realty Trust, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-292644
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