---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-026093"
form_type: "8-K"
ticker: "PDM"
cik: "0001042776"
company_name: "Piedmont Realty Trust, Inc."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T21:55:46.880222+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-026093
- form_type: 8-K
- ticker: PDM
- cik: 0001042776
- company_name: Piedmont Realty Trust, Inc.
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042776/000119312525026093/0001193125-25-026093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042776/000119312525026093/d870106d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-026093
- JSON: https://secwatch.observer/filing/0001193125-25-026093.json
- Plain text: https://secwatch.observer/filing/0001193125-25-026093.txt

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