Core Viewpoint - Piedmont Realty Trust, Inc. has successfully completed a cash tender offer for its outstanding 9.250% senior notes due 2028, with a significant portion of the notes tendered by the expiration time [1][3]. Summary by Relevant Sections Tender Offer Details - The cash tender offer was announced on November 13, 2025, and the expiration time was set for November 19, 2025 [1]. - A total of $532,460,000 in principal amount of the notes was outstanding, with $244,639,000 (45.95%) tendered by the expiration time and an additional $3,829,000 (0.72%) tendered pursuant to guaranteed delivery procedures [2]. Acceptance and Consideration - The Operating Partnership accepted all validly tendered notes and will pay a total consideration of $1,114.09 for each $1,000 principal amount of notes, plus accrued and unpaid interest [3]. - Notes tendered under guaranteed delivery procedures are expected to be accepted by November 21, 2025, with a settlement date anticipated on November 24, 2025 [3]. Management and Execution - BofA Securities, Inc., TD Securities (USA) LLC, and Wells Fargo Securities acted as dealer managers for the tender offer [4]. Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on delivering exceptional office environments, managing approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [6][7].

Core Viewpoint - Piedmont Realty Trust has initiated a cash tender offer to purchase all outstanding 9.250% senior notes due 2028, indicating a strategic move to manage its debt obligations and potentially improve its financial position [1][4]. Tender Offer Details - The total principal amount of the 9.250% senior notes outstanding is approximately $532.46 million [2]. - The consideration for each $1,000 principal amount of notes will be determined based on a fixed spread of 95 basis points plus the yield to maturity of the U.S. Treasury Reference Security as of November 19, 2025 [3]. - The tender offer will expire on November 19, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier [4]. Settlement and Conditions - The company expects to pay the consideration for validly tendered notes on November 20, 2025, with settlement for guaranteed delivery procedures anticipated on November 24, 2025 [5]. - The tender offer is contingent upon certain conditions, including the completion of a proposed concurrent senior notes offering [5]. Future Actions - Post-tender offer, the company may engage in additional purchases of notes through various methods, which could be on similar or different terms compared to the current tender offer [6]. Company Overview - Piedmont Realty Trust is a fully integrated, self-managed real estate investment company, managing approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [9].