Highwoods Properties (HIW) closes $200 million term loan.

Highwoods Properties, Inc. (HIW) announced today that it has closed on a $200 million unsecured term loan maturing in October 2024.  The facility is priced at SOFR + 105 basis points and includes a one-year extension option. Highwoods unsecured debt is rated Baa2/BBB by Moody's and S&P.

Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, “We appreciate the confidence shown in Highwoods by our bank group. We have now obtained $550 million of term loans in 2022. Our bank group’s support and partnership has provided us the financial capacity needed to pursue our strategic objectives while preserving our financial flexibility.”

Founded in 1978, Highwoods Properties, Inc. (HIW) owns, manages and develops Class-A office properties in major business districts across the Southeastern U.S. The current portfolio of approximately 27 million square feet includes properties in Atlanta, Charlotte, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, and Tampa.