Piedmont Realty Trust, Inc. filed a current report on Form 8-K on September 15, 2026, disclosing the September 14, 2026 pricing of a $200,000,000 aggregate principal amount offering of 2.875% exchangeable senior notes due 2031 by its operating partnership.

Key Highlights

  • Offering size: $200,000,000 aggregate principal amount of exchangeable senior notes.
  • Coupon rate: 2.875% on the exchangeable senior notes due 2031.
  • Issuer: Piedmont Operating Partnership, LP, with Piedmont Realty Trust, Inc. providing a full and unconditional senior, unsecured guarantee.
  • Buyer eligibility: Notes offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
  • Scheduled settlement: September 17, 2026, subject to customary closing conditions.
  • Pricing date: September 14, 2026, as stated in the press release attached as Exhibit 99.1.

Piedmont Operating Partnership Prices Rule 144A Notes Offering

According to the filing, Piedmont Operating Partnership, LP priced $200,000,000 in aggregate principal amount of 2.875% exchangeable senior notes due 2031 on September 14, 2026. The notes were offered to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. The company disclosed that it will "fully and unconditionally guarantee the Notes on a senior, unsecured basis."

The filing, reported under Item 8.01 (Other Events), states that the issuance and sale of the notes are scheduled to settle on September 17, 2026, subject to customary closing conditions. Piedmont Realty Trust, Inc. (NYSE:PDM), a Maryland corporation headquartered at 5565 Glenridge Connector Ste. 450, Atlanta, Georgia 30342, made clear in the filing that "neither this Current Report on Form 8-K nor the press release constitutes an offer to sell, or the solicitation of an offer to buy, the Notes or the shares of the Company's common stock, if any, issuable upon exchange of the Notes."

The filing also contains forward-looking statements, which the company states are intended to be covered by safe-harbor provisions under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. The company cautions that actual results could differ materially from those described in forward-looking statements due to factors including economic changes, interest rate fluctuations, tenant financial conditions, and other risks outlined in its Annual Report on Form 10-K for the year ended December 31, 2025.

What Was Disclosed

Piedmont Realty Trust disclosed the pricing of a $200,000,000, 2.875% exchangeable senior notes due 2031 offering by Piedmont Operating Partnership, LP, guaranteed by the company on a senior, unsecured basis, with settlement scheduled for September 17, 2026.