Highwoods Properties enters amended $750M revolving credit facility maturing Jan 2028

HIGHWOODS PROPERTIES, INC.

New facility replaces prior $750M revolver; same facility size.
Matures Jan 2028, extendable by two six-month periods at company option.
Interest rate: SOFR + 10bp spread adjustment + 85bp borrowing spread; facility fee 20bp.
Option to amend by May 15, 2024 for sustainability-linked interest adjustment (up to 2.5bp) based on GHG emission reduction.
Covenants substantially similar; facility used for working capital and short-term funding.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HIGHWOODS PROPERTIES, INC. entered into Amended and Restated Credit Agreement valued at $750.0 million (effective 2024-01-25).

Action: entry
Agreement: credit facility
Value: $750.0 million
Effective: 2024-01-25

Exact text from the filing

On January 25, 2024, we entered into an amended and restated $750.0 million unsecured revolving credit facility, which replaced our previously existing $750.0 million revolving credit facility.

View on SEC.gov

Browse all material agreements →

HIGHWOODS PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0000921082-24-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.