Piedmont increases term loan by $125M, extends revolver to 2028, repays $250M loan

Piedmont Realty Trust, Inc.

Amended $200M term loan to $325M; added two six-month extension options.
Amended and restated $600M revolver, maturity extended to June 30, 2028; can increase to $1.1B.
Proceeds from increase plus cash and revolver used to repay $250M term loan due March 2025.
Revolver interest spread 0.725%-1.40% over SOFR based on credit rating; current spread 1.05%.
Covenants include unencumbered interest coverage ≥1.75x and net leverage ≤0.60x.

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