The following table summarizes the terms of Piedmont’s indebtedness outstanding as of March 31, 2012 and December 31, 2011 (in thousands):



Facility	Collateral	Rate⁽¹⁾			Maturity	Amount Outstanding as of
Facility	Collateral	Rate⁽¹⁾			Maturity	March 31, 2012			December 31, 2011
Secured (Fixed)
$45.0 Million Fixed-Rate Loan	4250 N. Fairfax	5.20	%		6/1/2012	$	45,000	⁽²⁾	$	45,000
$200.0 Million Mortgage Note	Aon Center	4.87	%		5/1/2014	200,000			200,000
$25.0 Million Mortgage Note	Aon Center	5.70	%		5/1/2014	25,000			25,000
$350.0 Million Secured Pooled Facility	Nine Property Collateralized Pool ⁽³⁾	4.84	%		6/7/2014	350,000			350,000
$105.0 Million Fixed-Rate Loan	US Bancorp Center	5.29	%		5/11/2015	105,000			105,000
$125.0 Million Fixed-Rate Loan	Four Property Collateralized Pool ⁽⁴⁾	5.50	%		4/1/2016	125,000			125,000
$42.5 Million Fixed-Rate Loan	Las Colinas Corporate Center I & II	5.70	%		10/11/2016	42,525			42,525
$140.0 Million WDC Mortgage Notes	1201 & 1225 Eye Street	5.76	%		11/1/2017	140,000			140,000
$140.0 Million 500 W. Monroe Mortgage Loan	500 W. Monroe	LIBOR + 1.008%			8/9/2012	—			140,000
Subtotal/Weighted Average ⁽⁵⁾		5.17	%			1,032,525			1,172,525
Unsecured (Variable)
$300 Million Unsecured Term Loan		LIBOR + 1.45%		⁽⁶⁾	11/22/2016	300,000			300,000
$500 Million Unsecured Facility		0.73	%	⁽⁷⁾	8/30/2012	20,000			—
Subtotal/Weighted Average ⁽⁵⁾		2.57	%			320,000			300,000
Total/ Weighted Average ⁽⁵⁾		4.55	%			$	1,352,525		$	1,472,525


⁽¹⁾	All of Piedmont’s outstanding debt as of March 31, 2012 and December 31, 2011 is interest-only debt.


⁽²⁾	Repaid in full on May 1, 2012.


⁽³⁾	Nine property collateralized pool includes: 1200 Crown Colony Drive, Braker Pointe III, 2 Gatehall Drive, One and Two Independence Square, 2120 West End Avenue, 400 Bridgewater Crossing, 200 Bridgewater Crossing, and Fairway Center II.


⁽⁴⁾	Four property collateralized pool includes 1430 Enclave Parkway, Windy Point I and II, and 1055 East Colorado Boulevard.


⁽⁵⁾	Weighted average is based on contractual balance of outstanding debt and interest rates in the table as of March 31, 2012.


⁽⁶⁾	The $300 Million Unsecured Term Loan has a stated variable rate; however, Piedmont entered into interest rate swap agreements which effectively fix, exclusive of changes to Piedmont's credit rating, the rate on this facility to 2.69%.

⁽⁷⁾

Piedmont may select from multiple interest rate options with each draw, including the prime rate and various-length LIBOR locks. All LIBOR selections are subject to an additional spread (0.475% as of March 31, 2012) over the selected rate based on Piedmont’s current credit rating. The outstanding balance as of March 31, 2012 consisted of a LIBOR draw at 0.25% (subject to the additional spread mentioned above).