debt
confidence high
sentiment neutral
materiality 0.70
Piedmont Realty Trust commences cash tender offer for all $532M of 9.250% senior notes due 2028
Piedmont Realty Trust, Inc.
- Principal amount $532,460,000; fixed spread 95 bps over 3.50% UST due Nov 15, 2028.
- Tender offer expires at 5:00 p.m. NYC time on Nov 19, 2025; settlement expected Nov 20.
- Offer conditioned on completion of concurrent senior notes offering; no minimum tender condition.
- Holders may withdraw tendered notes at any time prior to expiration or after 60 business days.
- Dealer managers: BofA Securities, TD Securities, Wells Fargo; tender agent D.F. King.