{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-024178","form_type":"8-K","ticker":"PDM","cik":"0001042776","company_name":"Piedmont Realty Trust, Inc.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.637581+00:00","generated_at":"2026-06-20T00:48:38.408190+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Piedmont OP enters $215M floating-rate term loan to refinance June 2023 notes","bullets":["$215M unsecured term loan with one-year term and option to extend to Jan 31, 2025.","Proceeds to repay majority of $350M senior notes due June 1, 2023; balance from cash, dispositions, or revolver.","Interest at Daily Simple SOFR + 1.05% at closing; spread ranges 0.85%-1.70% based on credit rating.","Covenants: unencumbered interest coverage ≥1.75, leverage ≤0.60, secured debt ≤0.40."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-024178","json":"https://secwatch.observer/filing/0001193125-23-024178.json","markdown":"https://secwatch.observer/filing/0001193125-23-024178.md","text":"https://secwatch.observer/filing/0001193125-23-024178.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042776/000119312523024178/0001193125-23-024178-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042776/000119312523024178/d436120d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:48:38.408190+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b344309b9c4d688d2c3d088edc87f6b54f6bb0f3","claim":"Piedmont Realty Trust, Inc. incurred term loan of $215 million at Daily Simple SOFR plus 1.05% maturing January 31, 2025.","evidence_excerpt":"On January 31, 2023, Piedmont Operating Partnership, LP (“Piedmont OP”), a consolidated subsidiary of Piedmont Office Realty Trust, Inc. (the “Registrant”), entered into a $215 million, floating-rate, unsecured term loan facility (the “$215 Million Unsecured 2023 Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042776/000119312523024178/0001193125-23-024178-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$215 million"},{"label":"Rate","value":"Daily Simple SOFR plus 1.05%"},{"label":"Maturity","value":"January 31, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}