The Howard Hughes Corporation Closes Offering of Senior Notes

Core Viewpoint - Howard Hughes Holdings Inc. has successfully completed a $1 billion notes offering, consisting of $500 million in senior notes due 2032 and $500 million in senior notes due 2034, aimed at refinancing existing debt and supporting corporate purposes [1][2]. Group 1: Notes Offering Details - The offering includes $500 million aggregate principal amount of senior notes due 2032 and $500 million aggregate principal amount of senior notes due 2034 [1]. - 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 [2]. Group 2: Regulatory and Legal Aspects - The notes were offered in a private placement to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. persons under Regulation S [3]. - The notes have not been registered under the Securities Act and cannot be sold in the U.S. without registration or an applicable exemption [3][4]. Group 3: Company Overview - Howard Hughes Holdings Inc. is focused on long-term shareholder value through its real estate platform, owning and developing commercial, residential, and mixed-use properties across the U.S. [5]. - The company’s portfolio includes master planned communities and various operating properties in locations such as Greater Houston, Las Vegas, Greater Phoenix, Honolulu, and Columbia, Maryland [5].