---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-391291"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2026-09-15T11:00:06+00:00"
generated_at: "2026-09-15T11:06:23.810972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Piedmont prices $200M 2.875% exchangeable notes due 2031, redeems 2028 notes and buys back shares

## Summary
- Piedmont priced $200M of 2.875% exchangeable senior notes due 2031; initial exchange price $12.65 per share (37.5% premium over $9.20 close).
- Net proceeds ~$194.3M used to redeem all outstanding 9.250% senior notes due 2028 and repurchase 5,434,782 shares at $9.20 (~$50M).
- Initial purchasers have option to buy up to $30M additional notes within 13 days; proceeds would reach ~$223.5M if exercised.
- Notes issued by Piedmont Operating Partnership, fully guaranteed by Piedmont Realty Trust; settlement on Sept 17, 2026.

## SEC filing metadata
- accession: 0001193125-26-391291
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2026-09-15T11:00:06+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000119312526391291/0001193125-26-391291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000119312526391291/d822116d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-391291
- JSON: https://secwatch.observer/filing/0001193125-26-391291.json
- Plain text: https://secwatch.observer/filing/0001193125-26-391291.txt

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