Highwoods’ $400 Million Notes Offering


Vinson & Elkins provided tax counsel to Highwoods Properties, Inc. and Highwoods Realty Limited Partnership in connection with the notes offering.

Highwoods Realty Limited Partnership raised $400 million offering of 3.050% unsecured notes under its existing shelf registration statement.

The offering closed on September 13, 2019.

The operating partnership intends to use the net proceeds from the sale of the notes to repay outstanding debt (including the amount outstanding under its $600 million unsecured revolving credit facility and a portion of the amount outstanding under its $200 million unsecured bank term loan that is scheduled to mature in January 2022) and for general corporate purposes.

Wells Fargo Securities, LLC, BofA Securities, Inc., Jefferies LLC, U.S. Bancorp Investments, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc. and Regions Securities LLC. served as joint book-running managers. Fifth Third Securities, Inc., FTN Financial Securities Corp and J.P. Morgan Securities LLC served as co-managers.

Highwoods Realty Limited Partnership specializes in real estate property. The Company owns, develops, acquires, leases, and manages properties.

The V&E team was led by partner Chris Mangin (Picture) with assistance from senior associate Paige Anderson and associate Christina McLeod.

Involved fees earner: Paige Anderson – Vinson & Elkins LLP; Christopher Mangin Jr. – Vinson & Elkins LLP; Christina McLeod – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Highwoods Properties Inc.;