Cousins Properties Unveils Senior Notes Offering Details

Author: Owen Jenkins Updated: 05-28-2025 04:27 PM

Cousins Properties Announces Senior Notes Offering

Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE: CUZ) is making headlines with its recent announcement regarding a significant financial maneuver. The company's operating partnership, Cousins Properties LP, has successfully priced a remarkable offering of $500 million in aggregate principal amount of 5.250% senior unsecured notes. Expected to provide a robust financial foundation, this offering is set to close shortly, marking a pivotal moment for the Company.

Utilization of Proceeds

The strategic decision behind this offering revolves around the Company’s intent to effectively manage its existing obligations. Specifically, the net proceeds from the issuance will primarily be allocated towards repaying the outstanding principal on previously issued senior notes due in the coming years. Additionally, Cousins aims to utilize the remaining funds to address borrowings under its credit facility and cater to general corporate purposes, ensuring a streamlined and efficient capital structure.

Joint Book-Running Managers

Cousins Properties has engaged a strong coalition of reputable financial institutions as joint book-running managers for this offering. Wells Fargo Securities, BofA Securities, TD Securities, J.P. Morgan, Morgan Stanley, PNC Capital Markets LLC, Truist Securities, and US Bancorp have been selected to facilitate this critical phase, showcasing the Company’s ability to attract significant financial partners.

About Cousins Properties

Cousins Properties stands as a fully integrated, self-administered, and self-managed real estate investment trust (REIT), boasting a robust portfolio centered around high-quality Class A office buildings in the vibrant Sun Belt markets. Established in 1958, Cousins has continually focused on creating shareholder value through its extensive capabilities in development, acquisition, leasing, and management of premier real estate assets. The Company’s comprehensive strategy revolves around maintaining a simple yet effective platform, targeting trophy assets, and seizing opportunistic investments aimed at long-term growth.

Investor Contacts

For inquiries regarding this offering or additional information on Cousins Properties, investors and interested parties can reach out to Roni Imbeaux, Vice President of Finance and Investor Relations, at 404-407-1104. This open line of communication ensures transparency and supports stakeholders in understanding the Company's financial strategies and objectives moving forward.

Frequently Asked Questions

What is the purpose of the senior notes offering by Cousins Properties?

The primary purpose is to repay outstanding senior notes due in the near term and to manage existing borrowings under its credit facility.

Who are the joint book-running managers for the offering?

The offering involves notable financial institutions including Wells Fargo Securities, BofA Securities, and J.P. Morgan among others.

What type of investment is Cousins Properties?

Cousins Properties is a real estate investment trust (REIT) focusing on Class A office buildings in high-growth markets.

When is the expected closing date for the offering?

The offering is expected to close shortly after the announcement, pending customary closing conditions.

How can I learn more about Cousins Properties’ strategies?

For more information, you can contact the Vice President of Finance and Investor Relations or visit the company's official communications.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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