Piedmont Office Realty Trust, inc.’s $250 Million At-the-Market Offering

Davis Polk advised the forward purchasers and forward sellers in connection with an at-the-market forward underwriting program for the offer and sale of shares of common stock of Piedmont Office Realty Trust, Inc. from time to time having an aggregate offering price of up to $250 million.

Piedmont Office Realty Trust, Inc. engages in the acquisition, development, management and ownership of commercial real estate properties located primarily in the eastern half of the United States, including properties that are under construction, are newly constructed or have operating histories.

JPMorgan Chase Bank, National Association, Morgan Stanley & Co. LLC and Bank of America, N.A. acted as forward purchaser on the deal.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc. acted as affiliated forward sellers.

The Davis Polk equity derivatives team included partner Mark M. Mendez (Picture) and associates Justin Lashley and Meaghan Kennedy.

Involved fees earner: Meaghan Kennedy – Davis Polk & Wardwell; Justin Lashley – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America; Bank of America Securities; J.P. Morgan Securities LLC; JPMorgan Chase & Co.; Morgan Stanley; Morgan Stanley; US Bank National Association;


Author: Ambrogio Visconti