---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-292644"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:37:28.645999+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Piedmont Office Realty Trust issues $200M additional 9.250% Senior Notes due 2028

## Summary
- Issued $200M aggregate principal of 9.250% Senior Notes due July 20, 2028, under existing indenture.
- Additional Notes are fungible with existing $400M notes; all $600M outstanding single series.
- Interest payable semi-annually Jan 20 / Jul 20 at 9.250% p.a., subject to adjustment.
- Proceeds to be used for general corporate purposes, including debt repayment and capex.
- Notes fully guaranteed by Piedmont Office Realty Trust, Inc.; redeemable at make-whole prior to June 20, 2028.

## SEC filing metadata
- accession: 0001193125-23-292644
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000119312523292644/0001193125-23-292644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000119312523292644/d644605d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-292644
- JSON: https://secwatch.observer/filing/0001193125-23-292644.json
- Plain text: https://secwatch.observer/filing/0001193125-23-292644.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000119312523292644/0001193125-23-292644-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042776/000119312523292644/0001193125-23-292644-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.