Cousins Properties LP issues $400M of 5.375% Senior Notes due 2032 for Sail Tower acquisition

COUSINS PROPERTIES INC

Issued $400M aggregate principal of 5.375% Senior Notes maturing February 15, 2032, fully guaranteed by the parent company.
Interest payable semi-annually on Feb 15 and Aug 15, beginning Aug 15, 2025.
Proceeds to partly fund the acquisition of Sail Tower (804k sq ft office in Austin) and repay credit facility borrowings.
Redemption at make-whole premium before Dec 15, 2031; thereafter at par plus accrued interest.
Underwriters include J.P. Morgan, Truist Securities, and U.S. Bancorp Investments.

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