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Nov 4, 2025 4:30 PM

Highwoods Prices $350 Million of 5.350% Notes Due 2033

RALEIGH, N.C., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) (the "Company") announced today that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a $350 million offering of 5.350% unsecured notes under its existing shelf registration statement. The notes are due January 15, 2033 and were priced to yield 5.431%. The offering is expected to close on November 14, 2025, subject to the satisfaction of customary closing conditions.  

The operating partnership intends to use the net proceeds from the sale of the notes to repay outstanding debt, including the amounts outstanding under its $750 million unsecured revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes.

Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc. and TD Securities (USA) LLC served as joint book-running managers, First Citizens Capital Securities, LLC served as senior co-manager and FHN Financial Securities Corp. and Samuel A. Ramirez & Company, Inc. served as co-managers for the offering.

This offering is being made pursuant to an effective shelf registration statement, and only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement, the final prospectus supplement (when available) and the accompanying prospectus may be obtained by contacting: Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, telephone: 1-800-645-3751 or email: BofA Securities, Inc. at NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322 or email: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717 or e-mail: PNC Capital ...