secwatch.observer — SEC 8-K summary
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Issuer:     Piedmont Realty Trust, Inc. (PDM)
CIK:        0001042776
Form:       8-K
Filed at:   2026-05-28T21:25:24+00:00
Accession:  0001193125-26-245564
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Piedmont Realty ups term loan to $400M, extends maturity to May 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042776/000119312526245564/0001193125-26-245564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042776/000119312526245564/d59501d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-245564

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