The Howard Hughes Corporation Prices Offering of Senior Notes

Core Viewpoint - Howard Hughes Holdings Inc. announced the pricing of $1 billion in senior notes, with $500 million due in 2032 and $500 million due in 2034, priced at par [1][2]. Group 1: Financial Details - The 2032 Notes will have a semi-annual interest rate of 5.875% and the 2034 Notes will have a semi-annual interest rate of 6.125%, with interest payments starting on September 1, 2026 [2]. - The net proceeds from the offering will be used to redeem all outstanding 5.375% Senior Notes due 2028, along with related premiums, accrued interest, and expenses [3]. Group 2: Offering Structure - The Notes are being offered in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act [4]. - The offering is expected to close on February 17, 2026, pending customary closing conditions [2]. Group 3: Company Overview - Howard Hughes Holdings Inc. is focused on long-term shareholder value through its real estate platform, managing and developing various commercial and residential properties across the U.S. [6]. - The company owns notable assets including master planned communities and development opportunities in locations such as Greater Houston, Las Vegas, Greater Phoenix, Honolulu, and Columbia, Maryland [6].