Piedmont Office Realty Trust Enters Material Agreement

Ticker: PDM · Form: 8-K · Filed: 2024-06-25T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Piedmont Office Realty Trust (PDM) signed a material definitive agreement on June 25, 2024, related to a financial obligation.

AI Summary

On June 25, 2024, Piedmont Office Realty Trust, Inc. entered into a material definitive agreement related to a financial obligation. The company, formerly known as WELLS REAL ESTATE INVESTMENT TRUST INC, filed an 8-K to report this event. Specific details of the agreement and the financial obligation were not disclosed in the provided text.

Why It Matters

This filing indicates a significant financial event for Piedmont Office Realty Trust, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which could carry inherent risks depending on the nature of the agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Piedmont Office Realty Trust?

The provided text states that Piedmont Office Realty Trust entered into a material definitive agreement, but does not specify its nature.

What is the specific financial obligation created or undertaken by Piedmont Office Realty Trust?

The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on June 25, 2024.

What was Piedmont Office Realty Trust's former company name?

Piedmont Office Realty Trust, Inc.'s former company name was WELLS REAL ESTATE INVESTMENT TRUST INC.

What is the primary business of Piedmont Office Realty Trust?

Piedmont Office Realty Trust, Inc. is classified under the Standard Industrial Classification code 6512 as Operators of Nonresidential Buildings.

Filing Stats: 1,193 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-06-25 16:40:30

Key Financial Figures

Filing Documents

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 1.1 Underwriting Agreement, dated June 13, 2024, by and among Piedmont Operating Partnership, LP, Piedmont Office Realty Trust, Inc. and BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the underwriters listed on Schedule 1 thereto. 4.1 Indenture, dated as of March 6, 2014, by and among Piedmont Operating Partnership, LP, Piedmont Office Realty Trust, Inc. and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Piedmont Office Realty Trust, Inc.'s Current Report on Form 8-K, filed on March 6, 2014). 4.2 Supplemental Indenture, dated as of June 25, 2024, by and among Piedmont Operating Partnership, LP, Piedmont Office Realty Trust, Inc. and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of 6.875% Senior Notes due 2029 (included in Exhibit 4.2) 5.1 Opinion of King & Spalding LLP. 5.2 Opinion of Venable LLP. 8.1 Tax Opinion of King & Spalding LLP. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Piedmont Office Realty Trust, Inc. (Registrant) Date: June 25, 2024 By: /s/ Robert E. Bowers Robert E. Bowers Chief Financial Officer and Executive Vice President

View on Read The Filing