Highwoods Properties Inc.'s operating partnership priced a $400 million offering of 3.050% unsecured notes due Feb. 15, 2030, with a yield of 3.079%.
Highwoods Realty LP plans to use the net proceeds for outstanding debt repayment and general corporate purposes.
The office real estate investment trust expects the offering to close Sept. 13.
Wells Fargo Securities LLC, BofA Securities Inc., Jefferies LLC, U.S. Bancorp Investments Inc., BB&T Capital Markets, Capital One Securities Inc. and Regions Securities LLC were the joint book-running managers. Fifth Third Securities Inc., FTN Financial Securities Corp. and J.P. Morgan Securities LLC were the co-managers.
