Highwoods Properties sells $350 million of 7.65% notes due 2034; adds board member
Highwoods Realty Limited Partnership, the operating partnership of Highwoods Properties, completed a public offering of $350 million of 7.65% notes due February 1, 2034. The company also said Candice W. Todd was elected to its board, effective January 30, 2024. The notes add $350 million of debt for the operating partnership, and the filing does not state how the proceeds will be used.
- $350 million aggregate principal of 7.65% notes due February 1, 2034, issued November 21, 2023
- Interest payable semi-annually on February 1 and August 1, starting August 1, 2024
- Candice W. Todd, 58, elected to the board on November 16, 2023, effective January 30, 2024, and will serve on the audit committee