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AI brief of an SEC Form 8-K · Highwoods Properties (HIW)

Highwoods Properties replaces $600.0 million credit line with $750.0 million facility

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • 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.

The filing

CompanyHighwoods Properties (HIW)
Form8-K, current report
Filed with the SECMar 19, 2021, 4:05 PM ET
Accession number0000921082-21-000006

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 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 March 19, 2021.

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.