{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-394364","form_type":"8-K","ticker":"PDM","cik":"0001042776","company_name":"Piedmont Realty Trust, Inc.","filed_at":"2026-09-17T20:15:39+00:00","discovered_at":"2026-09-17T20:17:12.169646+00:00","generated_at":"2026-09-17T20:17:29.367234+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Piedmont Realty Trust issues $230M 2.875% exchangeable senior notes due 2031","bullets":["Issued $230M principal of 2.875% exchangeable senior notes due Feb 1, 2031; initial exchange rate 79.0514 shares/$1,000 (price ~$12.65).","Net proceeds, alongside other sources, will redeem all outstanding 9.250% senior notes due 2028 and pay make-whole premium and accrued interest.","Concurrently repurchased 5,434,782 shares of common stock for ~$50M from note purchasers in private transactions.","Notes are fully guaranteed by Piedmont Realty Trust; exchangeable for cash and/or stock at issuer's election.","Includes $30M of option notes exercised; registration rights agreement filed for resale of exchange shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-394364","json":"https://secwatch.observer/filing/0001193125-26-394364.json","markdown":"https://secwatch.observer/filing/0001193125-26-394364.md","text":"https://secwatch.observer/filing/0001193125-26-394364.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042776/000119312526394364/0001193125-26-394364-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042776/000119312526394364/d153824d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-17T20:17:29.367234+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}