The Howard Hughes Corporation to Redeem its 5.375% Senior Notes due 2028
Rhea-AI Summary
Howard Hughes (NYSE: HHH) announced that its subsidiary will redeem all outstanding 5.375% Senior Notes due 2028 on February 19, 2026. The aggregate principal outstanding is $750,000,000.
The redemption price equals 100.896% plus accrued interest, totaling $1,011.6475 per $1,000 principal. HHC intends to fund the redemption with proceeds from its previously announced senior notes due 2032 and 2034, and the obligation is subject to the closing of that offering.
Positive
- Aggregate principal of $750,000,000 to be redeemed
- Redemption extends debt maturity via 2032 and 2034 financings
- Redemption price fixed at 100.896% (clear cash-out amount)
Negative
- Redemption obligation is subject to closing of the New Notes Offering
- HHC pays a cash premium of about 1.16475% per $1,000 principal
News Market Reaction – HHH
In the Feb 4 session, HHH gained 2.15%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 08 | Earnings call scheduling | Neutral | +2.2% | Announced dates and access details for Q4 2025 earnings release and call. |
| Dec 18 | Acquisition financing | Positive | +1.0% | Outlined $2.1B Vantage purchase financing and strategic structure with Pershing. |
| Dec 18 | Preferred stock investment | Positive | +1.0% | Pershing Square agreed to subscribe for up to $1.0B preferred to fund Vantage deal. |
| Dec 18 | Major acquisition | Positive | +1.0% | Agreed to acquire 100% of Vantage Group Holdings for about $2.1B in cash. |
| Nov 17 | Project grand opening | Positive | -0.4% | Opened Teravalis, a 37,000-acre master planned community in Arizona. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company news, especially on acquisitions and financing, has generally seen small positive price reactions, with one divergence on a community development milestone.
Over the last few months, HHH announced several strategic milestones. On Dec 18, 2025, it agreed to acquire Vantage Group Holdings for approximately $2.1 billion, supported by up to $1.0 billion of preferred capital from Pershing Square and $1.2 billion of balance sheet cash. Earlier, it opened the large-scale Teravalis community on Nov 17, 2025. An earnings call date release on Jan 8, 2026 also drew a modest positive reaction. Today’s redemption of $750,000,000 2028 notes fits into this pattern of balance sheet and growth-focused actions.
Key Terms
senior notes financial
principal amount financial
accrued and unpaid interest financial
The Depository Trust Company financial
trustee financial
paying agent financial
indenture financial
notice of redemption financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) today announced that its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”), has given notice of its intention to redeem all of HHC’s outstanding
The aggregate principal amount outstanding of the Notes is
HHC intends to fund the redemption of the Notes with proceeds from its previously announced offering of senior notes due 2032 and senior notes due 2034 (the “New Notes Offering”). HHC’s obligation to redeem the Notes is subject to the completion of the closing of the New Notes Offering. On and after the redemption date, the Notes will no longer be deemed outstanding, interest will cease to accrue thereon, and all rights of the holders of the Notes will cease, except for the right to receive the redemption price.
Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of The Depository Trust Company.
Computershare Trust Company, N.A. is the trustee, paying agent and registrar for the Notes.
This press release is for information purposes only and shall not constitute a notice of redemption. The redemption shall be made solely pursuant to the official notice of redemption required under the indenture governing the Notes, which notice shall be provided by the trustee on behalf of HHC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. (HHH) is a holding company focused on growing long-term shareholder value. Through its real estate platform, Howard Hughes Communities, HHH owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including The Woodlands®, Bridgeland® and The Woodlands Hills® in Greater Houston; Summerlin® in Las Vegas; Teravalis™ in Greater Phoenix; Ward Village® in Honolulu; and Merriweather District in Columbia, Maryland. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Media Relations:
Cristina Carlson
Howard Hughes
cristina.carlson@howardhughes.com
646-822-6910
Francis McGill
Pershing Square
McGill@persq.com
212-909-2455
Investor Relations:
investorrelations@howardhughes.com
281-929-7700
