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Subsequent Event
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
Third Quarter Dividend Declaration

On July 27, 2022, the board of directors of Piedmont declared a dividend for the third quarter of 2022 in the amount of $0.21 per common share outstanding to stockholders of record as of the close of business on August 26, 2022. Such dividend will be paid on September 16, 2022.

Delayed-Draw, Unsecured Term Loan Closing

On July 22, 2022, Piedmont entered into a $200 million delayed-draw, unsecured, floating rate, term loan bearing interest at the Adjusted Term SOFR Rate (as defined in the term loan agreement) + 100 bps. The proceeds will be used to fund, on an interim basis, a majority of the cash portion of the 1180 Peachtree Street acquisition mentioned above (see Note 6).