Cousins Properties issues $500 million of 5.875% senior notes due 2034
Cousins Properties' operating partnership issued $500 million of 5.875% senior notes maturing October 1, 2034, guaranteed by the company. Proceeds will mainly repay revolving loans under its credit facility, with any remainder used for general corporate purposes. The filing adds new long-term debt but does not report a change in operating results.
- $500 million principal amount of 5.875% senior notes due October 1, 2034, issued August 16, 2024
- Interest payable semi-annually on April 1 and October 1, starting April 1, 2025
- Net proceeds to repay revolving credit facility loans, with remainder for working capital and other corporate purposes
- Indenture requires total unencumbered assets of at least 150% of total unsecured debt