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Stock impact report

Cousins Properties Upsizes Unsecured Revolving Credit Facility to $1.2 Billion

Cousins Properties Incorporated (CUZ) 
Last cousins properties incorporated earnings: 4/30 05:07 pm Check Earnings Report
US:NYSE Investor Relations: investors.cousinsproperties.com
Company Research Source: PR Newswire
Extends Existing Term Loan MaturitiesATLANTA, April 1, 2026 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that is has closed on a new five-year, $1.2 billion unsecured credit facility.  This new facility replaces the Company's existing facility, which was scheduled to mature in April 2027, and increases its borrowing capacity by $200 million.  The Company also amended its existing $400 million and $100 million unsecured term loans, adding two six-month extension options to each.  The all-in borrowing spread improved by fifteen basis points on both the revolving credit facility and the $400 million term loan, and thirty basis points on the $100 million term loan.  The current borrowing spread on the revolving credit facility is 72.5 basis points over SOFR, and the current borrowing spread on both term loans is 80 basis points over SOFR.  Financial covenants within the new facilities remain generally unchanged."These transactions underscore the strength of our long-term Show less Read more
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