Piedmont Realty Trust amends term loan, ups principal to $400 million and extends maturity to 2031
Piedmont Realty Trust Inc Class A PDM | 0.00 |
- Piedmont Realty Trust amended its term loan agreement on May 28, 2026, lifting the principal to USD 400 million from USD 325 million.
- Maturity extended to May 28, 2031; loans can be prepaid at any time without premium or penalty, subject to conditions.
- Pricing now adjusts based on credit ratings; current rate set at SOFR + 1.15%.
- Piedmont guarantees Piedmont Operating Partnership’s obligations; default can trigger immediate repayment of principal, accrued interest.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Piedmont Realty Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-245564), on May 28, 2026, and is solely responsible for the information contained therein.
