Cousins Properties Upsizes Unsecured Revolving Credit Facility to $1.2 Billion

Extends Existing Term Loan Maturities

ATLANTA, April 1, 2026 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that is has closed on a new five-year, $1.2 billion unsecured credit facility.  This new facility replaces the Company's existing facility, which was scheduled to mature in April 2027, and increases its borrowing capacity by $200 million.  The Company also amended its existing $400 million and $100 million unsecured term loans, adding two six-month extension options to each.  

The all-in borrowing spread improved by fifteen basis points on both the revolving credit facility and the $400 million term loan, and thirty basis points on the $100 million term loan.  The current borrowing spread on the revolving credit facility is 72.5 basis points over SOFR, and the current borrowing spread on both term loans is 80 basis points over SOFR.  Financial covenants within the new facilities remain generally unchanged.

"These transactions underscore the strength of our long-term relationships with our banking group, and we appreciate their continued support," said Gregg Adzema, Executive Vice President and Chief Financial Officer of Cousins Properties.  "The additional capacity from this facility provides Cousins with ample liquidity and financial flexibility to continue executing our Sun Belt lifestyle office strategy."

J.P. Morgan Chase Bank, N.A., BofA Securities, Inc., Truist Securities, Inc. and PNC Capital Markets LLC served as Joint Lead Arrangers and Joint Bookrunners.  Bank of America, N.A. serves as Administrative Agent and J.P. Morgan Chase Bank, N.A. serves as Syndication Agent.  Truist Bank, PNC Bank, National Association, Morgan Stanley Senior Funding, Inc., U.S. Bank National Association, Wells Fargo Bank, National Association, and TD Bank, National Association serve as Documentation Agents.  First Horizon Bank serves as a participant lender.

About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Senior Vice President, Finance & Investor Relations
404-407-1104
[email protected]

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SOURCE Cousins Properties