Highwoods Properties (HIW) Prices 5.5M Share Offering; Will Receive $195M in Proceeds
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Highwoods Properties, Inc. (NYSE: HIW) today announced the pricing of its underwritten offering of 5.5 million shares of its common stock on September 8, 2008, resulting in approximately $195.2 million of net proceeds to the Company.
The Company initially intends to use the net proceeds of the offering to repay borrowings outstanding under its $450 million unsecured revolving credit facility.
Highwoods Properties, Inc., an equity real estate investment trust, engages in the acquisition, development, and operation of rental real estate properties in the United States.
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