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Piedmont Reworks Debt Stack, But What Happens To Core FFO Per Share?

Source: benzinga.com

Housing & Real EstateCredit & Bond MarketsCompany Fundamentals
Piedmont Reworks Debt Stack, But What Happens To Core FFO Per Share?

Piedmont Realty Trust's operating partnership priced $200 million of 2.875% exchangeable senior notes due 2031 on Sept. 14. The financing adds long-dated debt capital at a 2.875% coupon, with settlement scheduled for September, though the article provides no further details on use of proceeds or conversion terms.

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