---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-203457"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T07:58:14.949155+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Piedmont OP enters $200M unsecured term loan to fund 1180 Peachtree acquisition

## Summary
- $200M delayed-draw floating-rate unsecured term loan facility entered July 22, 2022.
- Proceeds used to fund majority of cash purchase price for 1180 Peachtree Street, Midtown Atlanta.
- Initial term of six months, with two optional three-month extensions to July 24, 2023.
- Interest rate: Adjusted Term SOFR + 0.80%-1.65% spread based on credit rating; initially 1.00%.
- Financial covenants include unencumbered interest coverage ≥1.75x, leverage ≤0.60x, secured debt ≤0.40x.

## SEC filing metadata
- accession: 0001193125-22-203457
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000119312522203457/0001193125-22-203457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000119312522203457/d370061d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-203457
- JSON: https://secwatch.observer/filing/0001193125-22-203457.json
- Plain text: https://secwatch.observer/filing/0001193125-22-203457.txt

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