{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-019511","form_type":"8-K","ticker":"PDM","cik":"0001042776","company_name":"Piedmont Realty Trust, Inc.","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.203275+00:00","generated_at":"2026-06-06T14:36:51.365833+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Piedmont OP enters $200M unsecured term loan to refinance $290M of existing debt","bullets":["New $200M floating-rate term loan matures Jan 29, 2027; proceeds used to repay $100M Dec 2024 loan and $190M of $215M loan due Jan 31, 2024.","Remaining $25M of the $215M loan extended to Jan 31, 2025.","Interest rate set at Adjusted Daily Simple SOFR + 1.30% (Level 4 credit rating).","Covenants include unencumbered interest coverage >=1.75x, leverage <=0.60x, secured debt <=0.40x.","Syndicated with Truist as admin agent; JPMorgan and TD Bank as co-syndication agents."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-019511","json":"https://secwatch.observer/filing/0001193125-24-019511.json","markdown":"https://secwatch.observer/filing/0001193125-24-019511.md","text":"https://secwatch.observer/filing/0001193125-24-019511.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042776/000119312524019511/0001193125-24-019511-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042776/000119312524019511/d760797d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T14:36:51.365833+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":"03b3404b27a6eb17ff0f5de4adb9e5671a834fbd","claim":"Piedmont Realty Trust, Inc. incurred term loan of $200 million at Adjusted Daily Simple SOFR Rate plus 1.30% maturing January 29, 2027.","evidence_excerpt":"On January 30, 2024, Piedmont Operating Partnership, LP (“Piedmont OP”), a consolidated subsidiary of Piedmont Office Realty Trust, Inc. (the “Registrant”), entered into a $200 million floating rate, unsecured, syndicated bank term loan facility (the “$200 Million Unsecured 2024 Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042776/000119312524019511/0001193125-24-019511-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200 million"},{"label":"Rate","value":"Adjusted Daily Simple SOFR Rate plus 1.30%"},{"label":"Maturity","value":"January 29, 2027"},{"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"}