PIEDMONT REALTY TRUST ANNOUNCES PRICING OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 9.250% SENIOR NOTES DUE 2028

Core Viewpoint - Piedmont Realty Trust, Inc. has announced a cash tender offer to purchase all outstanding 9.250% senior notes due 2028, with specific pricing details provided [1][2][3] Tender Offer Details - The total principal amount of the senior notes outstanding is $532.46 million [2] - The reference yield for the notes is 3.569%, with a fixed spread of 95 basis points, resulting in a repurchase yield of 4.519% [2][3] - The consideration payable per $1,000 principal amount of notes validly tendered is $1,114.09 [2][3] Timeline and Conditions - The tender offer will expire at 5:00 p.m. New York City time on November 19, 2025, unless extended [4] - Holders can withdraw their notes until the earlier of the expiration time or the tenth business day after the announcement [4] - The settlement date for the notes validly tendered is expected to be November 20, 2025 [5] Future Actions - The company may purchase additional notes in the open market or through other methods after the completion of the tender offer [6] - The tender offer is conditioned upon the completion of a proposed concurrent senior notes offering [5] Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on Class A properties across major U.S. Sunbelt markets, managing approximately 16 million square feet [9]