Core Viewpoint - Piedmont Realty Trust, Inc. has announced a $400 million offering of 5.625% senior notes due 2033, expected to close on November 20, 2025, subject to customary conditions [1] Group 1: Offering Details - The offering is priced at 99.364% of the principal amount [1] - The net proceeds will be used to purchase outstanding 9.250% senior notes due 2028, along with borrowings from a $600 million unsecured line of credit and cash on hand if necessary [2] - If the tender offer for the 2028 notes is not completed, remaining proceeds will be allocated for working capital, capital expenditures, and other corporate purposes [2] Group 2: Guarantees and Management - The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Piedmont Realty Trust [3] - Major financial institutions including Wells Fargo Securities, BofA Securities, J.P. Morgan, and others are acting as joint book-running managers for the offering [3] Group 3: Company Overview - Piedmont Realty Trust is a self-managed real estate investment company focused on delivering high-quality office environments, managing approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets [6]