secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2026-09-14T12:00:39+00:00
Accession:  0001193125-26-389860
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Realty proposes $200M exchangeable notes, buys Arlington office for $52.7M
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- Acquired 4075 Wilson Boulevard, ~189k sq ft Class A office in Arlington, VA for $52.7M; 83% leased, 5.5 years WALT.
- Completed sale of Royal Lane Land in Dallas for ~$12.0M; signed contract to sell other office properties for ~$80M, expected Q4 2026.
- Announced $200M exchangeable senior notes due 2031, with $30M greenshoe; proceeds to redeem 9.250% notes due 2028.
- Up to ~$50M of note proceeds for share repurchases; notes will be fully and unconditionally guaranteed by Piedmont.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000119312526389860/0001193125-26-389860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000119312526389860/d111942d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-389860

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