secwatch.observer — SEC 8-K summary
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Issuer:     HIGHWOODS PROPERTIES, INC. (HIW)
CIK:        0000921082
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0000921082-24-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Highwoods amends $750M credit facility with sustainability-linked margin adjustment of +/-2.5 bps
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- Modified $750M unsecured revolving credit facility to tie interest rate to greenhouse gas emission reduction goals.
- Interest rate may adjust up or down by 2.5 bps based on achieving pre-determined sustainability targets.
- Facility bears SOFR plus 10 bps spread adjustment plus 85 bps borrowing spread (based on current credit ratings).
- Fourth Amendment to Sixth Amended and Restated Credit Agreement dated May 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921082/000092108224000025/0000921082-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921082/000092108224000025/hiw-20240523.htm
  HTML page:      https://secwatch.observer/filing/0000921082-24-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer