RALEIGH, N.C., May 25, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of its $200 million unsecured bank term loan by extending the maturity date from November 2022 to May 2026 and obtaining a $150 million delayed-draw term loan that will mature in May 2027. The Company expects to use the additional $150 million of borrowings, which must be drawn in their entirety within 90 days, for working capital purposes, the short-term funding of our development and acquisition activity and the repayment of other debt.
Highwoods Recasts Term Loan
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