Piedmont Reworks Debt Stack, But What Happens To Core FFO Per Share?
The Print Piedmont Realty Trust, Inc. (NYSE:PDM) said its operating partnership, Piedmont Operating Partnership, LP, priced $200 million of 2.875% exchangeable senior notes due 2031 on Sept. 14, with settlement
Piedmont borrowed $200 million by selling new bonds due in 2031. When companies borrow money, watch whether their cash earnings per share get smaller or stay strong.
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