debt
confidence high
sentiment neutral
materiality 0.50
Cousins Properties LP issues $500M in 5.250% Senior Notes due 2030
COUSINS PROPERTIES INC
- $500M aggregate principal of 5.250% Senior Notes due July 15, 2030, fully guaranteed by Cousins Properties Incorporated.
- Net proceeds to repay outstanding 2025 senior notes, with remainder for credit facility repayment and general corporate purposes.
- Interest payable semi-annually on Jan 15 and Jul 15, commencing Jan 15, 2026.
- Operating Partnership may redeem Notes at make-whole premium before June 15, 2030, thereafter at par.
- Indenture includes covenants limiting secured/unsecured debt and requiring unencumbered assets at least 150% of unsecured debt.
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