---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-174832"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2022-06-15T23:59:59+00:00"
generated_at: "2026-06-25T01:29:59.168022+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-174832
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2022-06-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000119312522174832/0001193125-22-174832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000119312522174832/d272847d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-174832
- JSON: https://secwatch.observer/filing/0001193125-22-174832.json
- Plain text: https://secwatch.observer/filing/0001193125-22-174832.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.