debt
confidence high
sentiment neutral
materiality 0.30
Highwoods Properties extends $200M term loan maturity to Jan 2029, SOFR+95bps
HIGHWOODS PROPERTIES, INC.
- Modified $200M unsecured term loan; maturity extended from May 2026 to January 2029.
- Interest rate based on SOFR plus 95 basis points, tied to higher of Moody's or S&P ratings.
- Two optional one-year extensions available if no defaults occur.
- Rate can adjust by 2.5 bps up/down based on greenhouse gas emission reduction sustainability goals.
- Amendment dated August 12, 2025; report signed by EVP Jeffrey D. Miller on August 14, 2025.
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