Cousins Properties Inc. announced the successful issuance of $500 million aggregate principal amount of 5.250% senior unsecured notes due 2030. This offering was completed by its operating partnership, Cousins Properties LP.
The net proceeds from this issuance are intended to repay the outstanding principal amount of the company's privately placed senior notes due 2025. The remaining funds will be used to repay borrowings under its credit facility and for general corporate purposes.
The completion of this debt offering strengthens Cousins Properties' balance sheet by addressing upcoming debt maturities and enhancing its liquidity. This strategic financial move supports the company's ongoing operations and investment opportunities.
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