debt
confidence high
sentiment positive
materiality 0.50
Piedmont amends credit agreements to remove SOFR credit spread adjustment
Piedmont Realty Trust, Inc.
- Removed credit spread adjustment from SOFR rates on revolving and term loan facilities.
- Changes apply to definitions of Adjusted Daily Effective SOFR Rate and Adjusted Term SOFR Rate.
- All lenders unanimously consented; no other terms modified.
- Effective September 16, 2025; Parent reaffirmed its facility guaranty.