secwatch.observer — SEC 8-K summary
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Issuer:     COUSINS PROPERTIES INC (CUZ)
CIK:        0000025232
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0000025232-26-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cousins Properties refinances with $1.2B revolver due 2031 and extends term loan maturities
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- Entered Sixth Amended and Restated Credit Agreement for $1.2B revolving credit line, maturing April 1, 2031.
- Delayed Draw Term Loan maturity extended to March 3, 2028; Amended and Restated Term Loan to August 15, 2027.
- Interest rate based on debt ratings: spreads from 0.675% (A-/A3) to 1.35% (<BBB-/Baa3) over SOFR.
- Covenants include unencumbered interest coverage ≥1.75x, fixed charge coverage ≥1.5x, leverage ≤60%.
- Proceeds to repay debt, fund acquisitions, development, working capital, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25232/000002523226000036/0000025232-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25232/000002523226000036/cuz-20260401.htm
  HTML page:      https://secwatch.observer/filing/0000025232-26-000036

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