Highwoods Properties (HIW) Obtains $200M Secured Loan
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Highwoods Obtains $200M Secured Loan
March 28, 2023 4:05 PM EDTRALEIGH, N.C., March 28, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) announces it has obtained a $200 million, 5-year secured loan provided by a life insurance company at a fixed rate of 5.69% secured by Bank of America Tower at Legacy Union in Uptown Charlotte.
Ted Klinck, President and CEO of Highwoods, stated We are very pleased with this loan execution, which will further fortify our already healthy balance sheet, enhance our liquidity and position Highwoods to take advantage of future growth opportunities.
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