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Cousins Properties (CUZ) Prices $500M Notes Offering

May 28, 2025 4:10 PM EDT

Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE: CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $500 million aggregate principal amount of 5.250% senior unsecured notes due 2030 at 99.987% of the principal amount. The offering is expected to close on June 6, 2025, subject to the satisfaction of customary closing conditions.

Cousins intends to use the net proceeds from the offering to repay the outstanding principal amount of its privately placed senior notes due 2025 and the remainder to repay borrowings under its credit facility and for general corporate purposes.

The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company.

Wells Fargo Securities, BofA Securities, TD Securities, J.P. Morgan, Morgan Stanley, PNC Capital Markets LLC, Truist Securities and US Bancorp are acting as joint book-running managers.

A shelf registration statement relating to these securities is effective with the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service or by calling toll free at 1-800-645-3751 or by emailing: [email protected]; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: [email protected]; or TD Securities (USA) LLC toll free at 1-855-495-9846. Electronic copies of these documents are also available from the Securities and Exchange Commission's website at www.sec.gov.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.



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