secwatch.observer — SEC 8-K summary
======================================

Issuer:     COUSINS PROPERTIES INC (CUZ)
CIK:        0000025232
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001628280-24-037551
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cousins Properties issues $500M 5.875% senior notes due 2034
------------------------------------------------------------

- $500M aggregate principal of 5.875% Senior Notes due October 1, 2034 issued by Cousins Properties LP.
- Notes fully and unconditionally guaranteed by parent Cousins Properties Incorporated (CUZ).
- Net proceeds to repay revolving credit facility loans; remainder for working capital, capex, and other debt repayment.
- Redemption at option before July 1, 2034 at the greater of par or make-whole premium plus accrued interest.
- Covenants include maintenance of total unencumbered assets at not less than 150% of total unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25232/000162828024037551/0001628280-24-037551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25232/000162828024037551/cuz-20240816.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037551

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