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Cousins Properties (CUZ) Announces 6M Share Offering

November 7, 2024 4:39 PM EST

Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its common stock.

The Company intends to use the net proceeds of the offering to fund a portion of the purchase price of an office property in Charlotte, North Carolina. If this acquisition is not consummated, the net proceeds will be used for general corporate purposes, including the acquisition and development of office properties, other opportunistic investments and the repayment of debt.

BofA Securities will serve as the sole book-running manager for the offering.

This offering will be made pursuant to a prospectus supplement to the Company's prospectus dated May 8, 2024, filed as part of the Company's effective shelf registration statement relating to the shares. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares described herein or any other securities, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. The offering may be made only by means of a prospectus supplement and the related prospectus.

Before you invest, you should read the prospectus supplement, the prospectus and other documents filed with the Securities and Exchange Commission for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, a copy of the prospectus supplement and the prospectus relating to the shares can be obtained by contacting the underwriter as follows: BofA Securities – NC1-022-02-25 – 201 North Tryon Street, Charlotte, NC 28255-0001 – Attn: Prospectus Department – Email: [email protected].



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