Piedmont Office Realty Operating Partner Prices $400 Million Debt Offering-February 2024-www.financetom.com

Piedmont Office Realty Operating Partner Prices $400 Million Debt Offering

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Piedmont Office Realty Operating Partner Prices $400 Million Debt Offering

Jun 13, 2024 2:19 PM

04:56 PM EDT, 06/13/2024 (MT Newswires) -- Piedmont Office Realty Trust ( PDM ) said late Thursday that Piedmont Operating Partnership has priced an offering of $400 million of 6.875% notes due 2029 at 98.993% of the principal amount.

The offering is expected to close on June 25, the company said.

Net proceeds will be used to repay debt outstanding under a 2023 term loan and a 2022 line of credit, the company said, adding that any remaining funds will be for working capital, capital expenditures and other general corporate purposes.

Previous page： Factbox-Stockpickers rise as quants suffer and multistrategy funds steady in July Next page： Google agrees $36 million fine for anti-competitive deals with Australia telcos

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Factbox-Stockpickers rise as quants suffer and multistrategy funds steady in July

Aug 4, 2025

LONDON/NEW YORK (Reuters) -Hedge fund returns climbed in July as many were lifted by rising stock markets that hit record highs, though others were caught in turbulence sparked by U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds. Hedge fund stockpickers returned almost 1.5% in July and are up roughly 7.8% for the year...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Stone secures IBD financing to offer credit to businesses in the Amazon

Aug 4, 2025

SAO PAULO, Aug 4 (Reuters) - Brazilian payments company Stone said on Monday it has secured 295 million reais ($53.4 million) in financing from the Inter-American Development Bank's private investment arm to expand credit offerings to small and mid-sized companies, focusing on Brazil's remote Legal Amazon region. Funds from IDB Invest will support the development of businesses in the region,...

Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom

Aug 4, 2025

(Reuters) -Northrop Grumman-backed Firefly Aerospace raised the proposed price range for its U.S. initial public offering on Monday and is now targeting a valuation of up to $6.04 billion in its U.S. listing, underscoring investor interest in space-related ventures. The Texas-based space startup aims to raise $696.6 million by selling 16.2 million shares priced between $41 and $43 each. This...