• Piedmont Realty Trust priced a private offering of USD 200 million 2.875% exchangeable senior notes due 2031, with a USD 30 million upsize option.
• Net proceeds estimated at about USD 194.3 million, rising to about USD 223.5 million if the upsize option is fully exercised.
• Proceeds earmarked to redeem outstanding 9.250% senior notes due 2028, using additional funding sources including ATM forwards, cash, revolver borrowings.
• About USD 50 million allocated to repurchase 5,434,782 common shares at USD 9.2 in a concurrent privately negotiated transaction.
• Notes settle Sept. 17; initial exchange price set at USD 12.65 a share, a 37.5% premium to the Sept. 14 close.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Piedmont Realty Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609142251PRIMZONEFULLFEED9826865) on September 15, 2026, and is solely responsible for the information contained therein.