Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Highwoods Properties (HIW)

Highwoods Properties amends credit agreement, extends $200 million term loan to May 2026

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • 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

The filing

CompanyHighwoods Properties (HIW)
Form8-K, current report
Filed with the SECMay 26, 2022, 4:06 PM ET
Accession number0000921082-22-000025

Items reported: 1.01 Material Definitive 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 May 26, 2022.

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.