Piedmont expands credit facility to $600M, extends maturity to 2026

Piedmont Realty Trust, Inc.

Line of credit increased from $500M to $600M; maturity extended from Sept 2022 to June 30, 2026.
Initial interest rate set at Adjusted SOFR plus 85 bps; spread ranges from 0.725% to 1.40% based on credit rating.
Borrower may increase facility by up to $500M (total $1.1B) with lender consent.
Financial covenants include unencumbered interest coverage >= 1.75, net leverage <= 0.60, secured net debt <= 0.40.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.