Item 1.01. Entry Into a Material Definitive Agreement.

On September 20, 2021, Piedmont Operating Partnership, LP (the "Operating Partnership"), the operating partnership and wholly owned subsidiary of Piedmont Office Realty Trust, Inc. (the "Company"), issued $300 million in aggregate principal amount of 2.750% Senior Notes due 2032 (the "Notes"), which mature on April 1, 2032, pursuant to an indenture, dated as of March 6, 2014 (as amended and supplemented by a supplemental indenture (the "Supplemental Indenture"), dated as of September 20, 2021, the "Indenture"), by and among the Operating Partnership, the Company and U.S. Bank National Association, as trustee (the "Trustee"). The Notes are fully and unconditionally guaranteed by the Company. Interest on the Notes is payable semi-annually on April 1 and October 1 of each year, commencing April 1, 2022.

The Indenture contains certain covenants that, among other things, limit the ability of the Company, subject to exceptions, to incur secured and unsecured debt and to consummate a merger, consolidation or sale of all or substantially all of its assets. In addition, the Indenture will require the Company to maintain at all times total unencumbered assets of not less than 150% of total unsecured debt. These covenants are subject to a number of important exceptions and qualifications. The Indenture also provides for customary events of default which, if any of them occurs, would permit or require the principal of and accrued interest on the Notes to become, or to be declared, due and payable.

The Operating Partnership may, at its option, redeem the Notes at any time or from time to time prior to January 1, 2032 in whole or in part at the applicable make-whole redemption price specified in the Supplemental Indenture. If the Notes are redeemed on or after January 1, 2032 (three months prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest thereon to, but not including, the applicable redemption date.

The Company used the net proceeds from the Notes to prepay outstanding borrowings under its amended and restated $300 million unsecured 2011 term loan (the "2011 Term Loan") as further described in Item 1.02 below.

The Notes were offered by means of a prospectus supplement and accompanying prospectus filed with the Securities and Exchange Commission. Copies of the Indenture and the Supplemental Indenture are attached hereto as Exhibits 4.1 and 4.2, respectively, and are incorporated herein by reference.

Item 1.02. Termination of a Material Definitive Agreement.

In connection with the issuance of the Notes, the Company delivered a notice to prepay, in full, the entire principal balance of the 2011 Term Loan, together with all accrued and unpaid interest thereon. The 2011 Term Loan was issued under, and is governed by the amended and restated term loan agreement, dated as of September 28, 2018, by and among the Operating Partnership, the Company, JPMorgan Chase Bank, N.A., the financial institutions initially signatory thereto and their assignees under Section 12.5 thereof, and the other parties thereto.

The prepayment occurred on September 20, 2021 in connection with the offering of the Notes described above. Upon receipt of the prepayment, the credit agreement was terminated. The information set forth under Item 1.01, "Entry Into a Material Definitive Agreement" is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01, "Entry Into a Material Definitive Agreement" is incorporated herein by reference.

Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

The information set forth under Item 1.02, "Termination of a Material Definitive Agreement" is incorporated herein by reference.

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Item 8.01. Other Events.

On September 13, 2021, the Operating Partnership and the Company entered into an agreement (the "Underwriting Agreement") among the Operating Partnership, the Company, U.S. Bancorp Investments, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as representatives of the underwriters listed on Schedule 1 thereto (the "Underwriters"). Pursuant to the Underwriting Agreement, the Operating Partnership agreed to sell and the Underwriters agreed to purchase from the Operating Partnership, subject to and upon the terms and conditions set forth in the Underwriting Agreement, the Notes.

A copy of the Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement.

The Company is filing this Current Report on Form 8-K so as to file with the Securities and Exchange Commission certain items that are to be incorporated by reference into a Registration Statement on Form S-3 (Registration No. 333-233068).

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits:



Exhibit No.                                  Description

1.1                 Underwriting Agreement, dated September 13, 2021, by and among
                  Piedmont Operating Partnership, LP, Piedmont Office Realty Trust,
                  Inc. and U.S. Bancorp Investments, Inc., J.P. Morgan Securities
                  LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as
                  representatives of the underwriters listed on Schedule 1 thereto.


4.1                 Indenture, dated March 6, 2014, by and among Piedmont Operating
                  Partnership, LP, Piedmont Office Realty Trust, Inc. and U.S. Bank
                  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 September 20, 2021, by and
                  among Piedmont Operating Partnership, LP, Piedmont Office Realty
                  Trust, Inc. and U.S. Bank National Association, as trustee.

4.3                 Form of 2.750% Senior Notes due 2032 (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).

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