Piedmont Realty Trust and Piedmont Operating Partnership, LP entered into an amendment to their existing Term Loan Agreement on May 28, 2026. The amendment increases the total principal amount of the term loan facility from $325 million to $400 million. The maturity date of the facility has been extended to May 28, 2031. The interest rate structure was updated to include a tiered margin based on the company's debt rating, with the current rate set at SOFR + 1.15%. The company retains the right to prepay the loans in whole or in part at any time without penalty.