Piedmont Office offers guaranteed senior notes via four bookrunners

Chicago, Aug. 5 – Piedmont Operating Partnership LP is readying a sale of senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The bonds will be guaranteed by Piedmont Office Realty Trust, Inc.

The notes will have a make-whole call and a par call.

J.P. Morgan Securities LLC, Truist Securities, Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities, LLC are the bookrunners.

Proceeds will be used for the previous acquisition of the Galleria Office Towers in February, which the company believes is an eligible green project as it has received LEED Certified certification. Specifically, proceeds will be used to repay the $300 million term loans, which were used for the acquisition, borrowings on the company’s revolver, other term loan debt or for other business purposes.

The company is a real estate investment trust with headquarters in Atlanta.

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