Piedmont Office Realty Trust Enters Material Agreement

TL;DR

Piedmont Office Realty Trust just signed a big deal, creating a new financial obligation.

AI Summary

On February 13, 2025, Piedmont Office Realty Trust, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new financial commitment or obligation for Piedmont Office Realty Trust, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and operational changes that warrant careful consideration.

Key Players & Entities

• Piedmont Office Realty Trust, Inc. (company) — Registrant
• February 13, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value PDM New York Stock Exchan
• $200 million — t, Inc. (the "Registrant"), amended its $200 million unsecured 2024 term loan (the "Unsecure
• $125 million — n") to increase the principal amount by $125 million to $325 million and add two six-month e
• $325 million — the principal amount by $125 million to $325 million and add two six-month extension options
• $250 million — 022 Line of Credit were used to repay a $250 million unsecured term loan that was scheduled
• $600 million — t") amending and restating its existing $600 million unsecured 2022 line of credit (the "Uns
• $500 m — the new facility by up to an additional $500 million, to an aggregate size of $1.1 bil
• $1.1 b — l $500 million, to an aggregate size of $1.1 billion, provided that no existing bank h

Filing Documents

• d870106d8k.htm (8-K) — 30KB
• d870106dex101.htm (EX-10.1) — 674KB
• d870106dex102.htm (EX-10.2) — 765KB
• 0001193125-25-026093.txt ( ) — 1945KB
• pdm-20250213.xsd (EX-101.SCH) — 3KB
• pdm-20250213_lab.xml (EX-101.LAB) — 17KB
• pdm-20250213_pre.xml (EX-101.PRE) — 11KB
• d870106d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits: Exhibit No. Description 10.1 Amendment No. 2 to Term Loan Agreement, dated as of February 13, 2025, by and among Piedmont Operating Partnership, LP, Piedmont Office Realty Trust, Inc., each lender initially signatory thereto, Truist Securities, Inc., as Lead Arranger and Book Manager, and Truist Bank, as administrative agent for the lenders. 10.2 Second Amended and Restated Revolving Credit Agreement, dated as of February 13, 2025, by and among Piedmont Operating Partnership, LP, Piedmont Office Realty Trust, Inc., each lender initially signatory thereto, JPMorgan Chase Bank, N.A., Truist Securities, Inc., U.S. Bank National Association, Wells Fargo Securities, LLC, BofA Securities Inc. and TD Securities (USA) LLC, as Joint Lead Arrangers and Joint Bookrunners, and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. 104 Cover page Interactive data file (embedded with in the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Piedmont Office Realty Trust, Inc. Date: February 13, 2025 By: /s/ Sherry L. Rexroad Sherry L. Rexroad Chief Financial Officer and Executive Vice President