Highwoods Properties amends $750 million credit facility with emissions-linked rate tweak
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.
Key points
- Revolving credit facility size: $750.0 million, unsecured
- Interest: SOFR plus a 10 basis point spread adjustment and an 85 basis point borrowing spread, based on current credit ratings
- Amendment adds a ±2.5 basis point rate adjustment tied to greenhouse gas emissions reduction goals
- Full text filed as Exhibit 10.1 (Fourth Amendment to Sixth Amended and Restated Credit Agreement) with Bank of America, N.A. as Administrative Agent
The filing
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 23, 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.