Every material Form 8-K Highwoods Properties has filed with the SEC since September 13, 2019, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Highwoods Properties modified its $150 million unsecured bank term loan on June 3, 2026, extending the maturity from May 2027 to June 2029. The filing also lists pricing on its $200 million term loan and $750 million revolving credit facility, and the term can be extended two more years at the company's option if no defaults have occurred.
Maturity of the $150 million unsecured term loan extended from May 2027 to June 2029
Newly extended loan priced at SOFR plus 90 basis points; $200 million term loan at SOFR plus 95 basis points; $750 million revolver at SOFR plus 85 basis points
Pricing may adjust up or down by 2.5 basis points based on greenhouse gas emission reduction sustainability goals
Amendment is Exhibit 10, the Sixth Amendment to the Sixth Amended and Restated Credit Agreement, with Bank of America, N.A. as administrative agent
On November 14, 2025, the Operating Partnership of Highwoods Properties completed a public offering of $350 million in 5.350% notes due January 15, 2033, issued under an existing shelf registration. The filing adds $350 million of new debt for the company's operating partnership, with interest payable semi-annually starting July 15, 2026.
Aggregate principal amount of $350 million offered on November 14, 2025
Notes bear interest at 5.350% per year and mature January 15, 2033
Interest payable semi-annually on January 15 and July 15, starting July 15, 2026
Issued under automatic shelf registration on Form S-3 with prospectus supplement dated November 4, 2025
Highwoods Properties modified its $200.0 million unsecured bank term loan on August 12, 2025, pushing the maturity from May 2026 to January 2029. The filing says the interest rate is SOFR plus 95 basis points based on current credit ratings, with a further option to extend the term by two years if no defaults have occurred.
Maturity extended from May 2026 to January 2029 on the $200.0 million unsecured term loan
Interest rate is SOFR plus 95 basis points based on current credit ratings
Rate may move up or down 2.5 basis points based on pre-determined greenhouse gas reduction goals
Company has an option to extend the term by two additional years
At its May 13, 2025 annual meeting, Highwoods Properties stockholders approved a 2025 long-term equity incentive plan authorizing up to 1,250,000 shares of restricted stock and restricted stock units. The filing also reports the vote results for director elections, auditor ratification, and an advisory vote on executive compensation.
Plan authorizes up to 1,250,000 shares; no more than 250,000 may go to any officer or employee and 15,000 to any non-employee director in a calendar year
Plan approval vote: 91,729,999 for, 3,784,010 against, 207,729 abstain/withheld, 4,241,498 broker non-votes
Deloitte & Touche LLP ratified as independent auditor for 2025 with 99,211,855 votes for and 590,165 against
Advisory vote on executive compensation: 91,048,929 for and 4,431,256 against
Highwoods Properties modified its $750.0 million unsecured revolving credit facility on May 23, 2024. The amendment lets the interest rate move up or down by 2.5 basis points depending on whether the company meets pre-set sustainability goals for reducing greenhouse gas emissions. The change is small and does not alter the facility size or the existing base pricing described in the filing.
Highwoods Properties entered into an amended and restated $750.0 million unsecured revolving credit facility on January 25, 2024, replacing its prior $750.0 million facility. The company said the financial and other covenants are substantially similar to the previous facility, and that the interest rate and facility fee remain unchanged based on current credit ratings. The filing shows routine refinancing terms rather than a change in borrowing capacity or cost.
New $750.0 million unsecured revolving credit facility replaces the prior $750.0 million facility, dated January 25, 2024
Facility is scheduled to mature in January 2028, with two additional six-month extensions available at the company's option if no defaults have occurred
Pricing remains SOFR plus a 10 basis point spread adjustment and an 85 basis point borrowing spread, with a 20 basis point annual facility fee
Company may elect by May 15, 2024 to adjust the interest rate by up to 2.5 basis points tied to greenhouse gas emission reduction goals, subject to lender consent
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
Highwoods Properties modified its $200.0 million unsecured term loan on May 24, 2022, extending maturity from November 2022 to May 2026, and obtained a $150.0 million delayed-draw term loan maturing in May 2027. The company also converted its $750.0 million revolving credit facility to a lower spread over SOFR and reduced the accordion feature from $550.0 million to $400.0 million.
Existing $200.0 million unsecured term loan maturity extended from November 2022 to May 2026
New $150.0 million delayed-draw term loan matures May 2027 and must be drawn within 90 days, for working capital, development and acquisition funding and debt repayment
$750.0 million revolver spread cut from LIBOR plus 90 basis points to SOFR plus a 10 basis point adjustment and 85 basis point borrowing spread
Accordion feature reduced from $550.0 million to $400.0 million
On July 29, 2021, Highwoods Properties closed its acquisition of a portfolio of office assets from Preferred Apartment Communities, with a total expected investment of $683 million. The company funded the initial cash portion with restricted escrow cash and a $200 million six-month bridge facility, and plans to fund the deal mainly by selling $500 million to $600 million of non-core assets by mid-2022, though it gives no assurance those sales will occur on favorable terms.
Total expected investment is $683 million, including $28 million of near-term building improvements and $4 million of transaction costs.
Four secured loans assumed, estimated at fair value of $407 million, with a weighted average effective interest rate of 3.5%.
Initial cash payment funded by restricted escrow cash and a $200 million, six-month unsecured bridge facility at LIBOR plus 85 basis points.
Plan to sell $500 million to $600 million of non-core assets by mid-2022; about $250 million expected to qualify for Section 1031 tax-deferred treatment.
At its annual meeting on May 11, 2021, Highwoods Properties stockholders approved the 2021 long-term equity incentive plan, which authorizes up to 3,000,000 shares of common stock for stock options, restricted stock and restricted stock units. The company says the plan aligns directors, officers and employees with stockholders, and the plan adds potential share issuance that shareholders will weigh against their existing stakes. The meeting also included the election of ten directors and the ratification of Deloitte & Touche LLP as independent auditor for 2021.
Stockholders approved the 2021 long-term equity incentive plan on May 11, 2021, with 87,522,583 votes for and 3,361,814 against.
The plan authorizes up to 3,000,000 shares, of which no more than 1,000,000 may be issued as restricted stock or restricted stock units.
No employee or officer may receive stock options covering more than 300,000 shares in a calendar year, and no more than 150,000 restricted shares or units per officer or employee.
Stockholders ratified Deloitte & Touche LLP as independent auditor for 2021, with 93,460,753 votes for and 916,170 against.
Highwoods agreed on April 16, 2021 to acquire office assets from Preferred Apartment Communities, with a total investment expected to be $769 million, including $28 million of near-term building improvements and $5 million of transaction costs. The company plans to fund the initial $250 million cash portion with its revolving credit facility and a $200 million bridge loan, and to ultimately fund the deal mainly by selling $500 to $600 million of non-core assets by mid-2022. The acquisition is scheduled to close in the third quarter of 2021, and the company said the deal is not yet reflected in its 2021 FFO outlook.
Total investment expected at $769 million, including $28 million of near-term improvements and $5 million of transaction costs
Four assumed secured loans estimated at $403 million fair value, with a 3.7% weighted average effective interest rate
Initial $250 million cash portion funded by a $750 million revolver and a $200 million six-month bridge facility from JPMorgan Chase Bank
Planned sales of $500 to $600 million of non-core assets by mid-2022, with about half expected to close by year-end 2021; closing scheduled for Q3 2021
Highwoods Properties entered into an amended and restated $750.0 million unsecured revolving credit facility on March 18, 2021, replacing its previous $600.0 million facility. The new facility is scheduled to mature in March 2025 and includes an accordion feature for up to an additional $550.0 million of borrowing capacity subject to lender commitments. The filing describes the terms as a routine refinancing, with covenants substantially similar to the prior facility, and does not report a change in results or guidance.
Facility size increased from $600.0 million to $750.0 million, with an accordion feature for up to an additional $550.0 million.
Scheduled maturity is March 2025, with an option to extend for two additional six-month periods if no defaults have occurred.
Current pricing is LIBOR plus 90 basis points, with an annual facility fee of 20 basis points, based on the company's credit ratings.
The agreement was signed March 18, 2021, and filed as Exhibit 10.1 to the 8-K dated March 19, 2021.
Highwoods Properties has elected David L. Gadis, CEO and general manager of DC Water since May 2018, to its Board of Directors effective January 1, 2021. He will serve on the audit committee and is independent under NYSE standards, so the board gains a utility executive with budget oversight experience.
David L. Gadis, 58, elected to the board effective January 1, 2021
Will serve on the audit committee; qualifies as independent under NYSE standards
Currently CEO and general manager of DC Water since May 2018, overseeing a $1 billion annual budget and about 1,100 employees
Previously CEO and president of Veolia Water Indianapolis from December 1998 until January 2017
On August 13, 2020, the Operating Partnership completed a $400 million offering of 2.600% notes due February 1, 2031. The same day, Highwoods reported early results of its tender offer for up to $150 million of its 3.20% notes due 2021, with $222,588,000 tendered by the August 12 early deadline, so tendered amounts will be prorated at about 67%. The filing shows the company replacing near-term debt with longer-dated notes, but it includes no profit, revenue, or guidance figures.
$400 million of 2.600% notes due February 1, 2031; interest is paid semi-annually, starting February 1, 2021.
$222,588,000 of 3.20% notes due 2021 were tendered by the August 12, 2020 early deadline, above the $150 million tender cap.
Proration rate of approximately 67%; total consideration is $1,019.08 per $1,000 principal, including a $30.00 early tender premium.
Tendered notes are paid on August 14, 2020; the offer expires at midnight on August 26, 2020.
Highwoods Realty Limited Partnership, the operating partnership of Highwoods Properties, completed a public offering of $400 million in 3.050% notes due February 15, 2030, issued under a shelf registration. The filing adds $400 million of new debt, and the notes carry semi-annual interest payments starting February 15, 2020.
Principal amount: $400 million aggregate principal of 3.050% Notes due February 15, 2030
Interest accrues from September 13, 2019, payable semi-annually on February 15 and August 15, starting February 15, 2020
Issued under an automatic shelf registration on Form S-3 and a prospectus supplement dated September 4, 2019
U.S. Bank National Association is trustee under a 1996 indenture
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