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Stock impact report

Highwoods Prices $350 Million of 4.125% Notes Due 2028

Highwoods Properties, Inc. (HIW) 
Last highwoods properties, inc. earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: highwoods.com/for-our-investors
Company Research Source: GlobeNewswire
RALEIGH, N.C., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a $350 million offering of 4.125% unsecured notes under its existing shelf registration statement. The notes are due March 15, 2028 and were priced to yield 4.271%. The offering is expected to close on March 5, 2018, subject to customary closing conditions. The net proceeds from the sale of the notes will be used to repay or repurchase outstanding debt (including the operating partnership’s $200 million unsecured notes due April 15, 2018 and amounts outstanding under the Company’s $600 million revolving credit facility) and for general corporate purposes. Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Jefferies LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc., Regions Securit Show less Read more
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