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.
Key points
- $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
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 16, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.