Piedmont Realty Trust Amends Loan to $400M, Extends to 2031
Piedmont Realty Trust Amends Credit Agreement
Piedmont Realty Trust (NYSE:PDM) has amended its term loan, increasing the principal to $400 million and extending the maturity to May 28, 2031. According to the SEC filing, lenders provided an additional $75 million in term loans under the credit agreement.
Details
The move aims to enhance financial flexibility and strengthen the company's long-term debt structure. The new terms support Piedmont Realty Trust's growth strategy.
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