5.350% unsecured notes
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Highwoods Prices $350 Million of 5.350% Notes Due 2033
Globenewswire· 2025-11-04 21:15
Core Viewpoint - Highwoods Properties, Inc. has announced a $350 million offering of unsecured notes with a yield of 5.431%, set to close on November 14, 2025, to fund various corporate activities [1][2]. Group 1: Offering Details - The notes are priced at 5.350% and are due on January 15, 2033 [1]. - The offering is expected to close on November 14, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the sale of the notes will be used to repay outstanding debt, including amounts under a $750 million unsecured revolving credit facility, fund property acquisitions and development, and for general corporate purposes [2]. Group 3: Management and Underwriters - The offering is managed by Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, and others, with various firms serving in different capacities [3]. Group 4: Company Overview - Highwoods Properties, Inc. is a publicly-traded REIT that operates primarily in major business districts across several cities, including Atlanta, Charlotte, and Dallas [6].