Highwoods Recasts Term Loan
Highwoods Properties (NYSE:HIW) has successfully recast its $200 million unsecured bank term loan, extending the maturity date from May 2026 to January 2029. The new term loan features a SOFR plus 95 basis points interest rate, with potential adjustments of ±2.5 basis points based on greenhouse gas emission reduction goals.
The loan includes a two-year extension option and was arranged by multiple financial institutions, with BofA Securities, Wells Fargo Securities, and PNC Capital Markets serving as Joint Bookrunners. Bank of America acts as Administrative Agent, while Wells Fargo and PNC Bank serve as Co-Syndication Agents.
Highwoods Properties (NYSE:HIW) ha rinegoziato con successo il suo prestito bancario a termine non garantito da 200 milioni di dollari, estendendo la scadenza da maggio 2026 a gennaio 2029. Il nuovo finanziamento prevede un tasso basato su SOFR più 95 punti base, con possibili aggiustamenti di ±2,5 punti base legati agli obiettivi di riduzione delle emissioni di gas serra.
Il prestito include un'opzione di estensione di due anni ed è stato strutturato da più istituti finanziari, con BofA Securities, Wells Fargo Securities e PNC Capital Markets in qualità di joint bookrunners. Bank of America svolge il ruolo di agente amministrativo, mentre Wells Fargo e PNC Bank sono co-agenti di sindacazione.
Highwoods Properties (NYSE:HIW) ha reestructurado con éxito su préstamo bancario a plazo no garantizado de 200 millones de dólares, prorrogando la fecha de vencimiento de mayo de 2026 a enero de 2029. El nuevo préstamo tiene un tipo de interés de SOFR más 95 puntos básicos, con posibles ajustes de ±2,5 puntos básicos vinculados a objetivos de reducción de emisiones de gases de efecto invernadero.
El préstamo incluye una opción de extensión de dos años y fue organizado por varias entidades financieras, con BofA Securities, Wells Fargo Securities y PNC Capital Markets como colocadores conjuntos (Joint Bookrunners). Bank of America actúa como agente administrativo, mientras que Wells Fargo y PNC Bank son co-agentes de sindicación.
Highwoods Properties (NYSE:HIW)는 미화 2억 달러 규모의 무담보 은행 기한부 대출을 성공적으로 재조정해 만기를 2026년 5월에서 2029년 1월로 연장했습니다. 새 대출은 SOFR에 95 베이시스포인트를 가산한 금리를 적용하며, 온실가스 배출 감축 목표 달성 여부에 따라 ±2.5 베이시스포인트의 조정이 가능합니다.
이 대출에는 2년 연장 옵션이 포함되어 있으며 여러 금융기관이 주선했으며, BofA Securities, Wells Fargo Securities 및 PNC Capital Markets가 공동 북러너(Joint Bookrunners)로 참여했습니다. Bank of America가 행정대리인(Administrative Agent)을 맡았고, Wells Fargo와 PNC Bank는 공동 신디케이션 에이전트로 활동합니다.
Highwoods Properties (NYSE:HIW) a réussi à renégocier son prêt bancaire à terme non garanti de 200 millions de dollars, portant la date d'échéance de mai 2026 à janvier 2029. Le nouveau prêt prévoit un taux égal à SOFR plus 95 points de base, avec des ajustements possibles de ±2,5 points de base selon les objectifs de réduction des émissions de gaz à effet de serre.
Le prêt inclut une option de prolongation de deux ans et a été arrangé par plusieurs établissements financiers, BofA Securities, Wells Fargo Securities et PNC Capital Markets intervenant en tant que joint bookrunners. Bank of America agit en tant qu'agent administratif, tandis que Wells Fargo et PNC Bank remplissent les fonctions de co-agents de syndication.
Highwoods Properties (NYSE:HIW) hat erfolgreich seinen unbesicherten Bank-Termin-Kredit in Höhe von 200 Millionen US-Dollar neu strukturiert und die Laufzeit von Mai 2026 bis Januar 2029 verlängert. Der neue Kredit sieht einen Zinssatz von SOFR plus 95 Basispunkte vor, mit möglichen Anpassungen von ±2,5 Basispunkten in Abhängigkeit von den Zielen zur Reduzierung der Treibhausgasemissionen.
Der Kredit beinhaltet eine Option zur Verlängerung um zwei Jahre und wurde von mehreren Finanzinstituten arrangiert, wobei BofA Securities, Wells Fargo Securities und PNC Capital Markets als Joint Bookrunners fungierten. Bank of America ist Verwaltungsagent, während Wells Fargo und PNC Bank als Co-Syndikationsagenten tätig sind.
- Extended maturity date by 2.7 years to January 2029
- Additional two-year extension option available
- Interest rate can be reduced by 2.5 basis points if sustainability goals are met
- Interest rate exposure to SOFR fluctuations
RALEIGH, N.C., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of a
The interest rate on our new term loan is SOFR plus 95 basis points. The interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions.
BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, T.D. Bank, N.A., Truist Securities, Inc. and U.S. Bank National Association served as Joint Lead Arrangers on the new term loan, with BofA Securities, Inc., Wells Fargo Securities, LLC and PNC Capital Markets LLC serving as Joint Bookrunners. Bank of America, N.A. is Administrative Agent and Wells Fargo Bank, National Association and PNC Bank, National Association are Co-Syndication Agents. TD Bank, N.A., Truist Bank and U.S. Bank National Association served as Co-Documentation Agents. JPMorgan Chase Bank, N.A. and First Citizens Bank served as Co-Managing Agents. Other lenders include First Horizon Bank, Associated Bank, National Association, and First Independence Bank.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
| Contact: | Brendan Maiorana |
| Executive Vice President and Chief Financial Officer | |
| brendan.maiorana@highwoods.com | |
| 919-872-4924 |
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