Cousins Properties Incorporated announced the pricing of its underwritten public offering of 9,500,000 shares of common stock. The offering is expected to generate gross proceeds of approximately $284 million before underwriting discounts and estimated offering expenses.
The offering is expected to close on December 12, 2024, subject to customary conditions. These proceeds are intended to fund a portion of the purchase price for the Sail Tower office property in Downtown Austin.
The successful pricing of this equity offering secures a significant portion of the financing required for the strategic acquisition. This move enhances the company's financial flexibility and supports its growth initiatives in the Austin market.
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