---
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"
generated_at: "2026-09-17T20:17:29.367234+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Piedmont Realty Trust issues $230M 2.875% exchangeable senior notes due 2031

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-394364
- JSON: https://secwatch.observer/filing/0001193125-26-394364.json
- Plain text: https://secwatch.observer/filing/0001193125-26-394364.txt

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