Piedmont Realty Trust, Inc. (PDM): debt financing — Piedmont Realty ups term loan to $400M, extends maturity to May 2031

Piedmont Realty Trust, Inc.

Term loan increased by $75M to $400M; existing $325M plus $75M incremental from new and existing lenders.
Maturity extended to May 28, 2031; current interest rate set at SOFR + 1.15%.
Interest rate margins tied to credit ratings; range from 0.75% to 1.55% over benchmark rates.
Morgan Stanley Bank, N.A. added as new lender; existing lenders increased commitments.
Guaranty reaffirmed by Piedmont Realty Trust, Inc.; no prepayment penalty or premium.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Piedmont Realty Trust, Inc. amended credit facility of to $400 million from $325 million at SOFR + 1.15% maturing May 28, 2031.

Instrument: credit facility
Principal: to $400 million from $325 million
Rate: SOFR + 1.15%
Maturity: May 28, 2031
Event: amendment

Exact text from the filing

On May 28, 2026, Piedmont Realty Trust, Inc. (the “Registrant”) and its operating partnership, Piedmont Operating Partnership, LP (“Piedmont OP”), entered into an amendment (the “Amendment”) to its Term Loan Agreement, dated January 30, 2024, as amended (the “Term Loan Agreement”) to, among other things, increase the principal amount to $400 million from $325 million and extend the maturity date to May 28, 2031.

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Piedmont Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-245564

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