NYSE:HIWOffice REITs
How Investors May Respond To Highwoods Properties (HIW) Tying Loan Terms to Sustainability Progress
Earlier this month, Highwoods Properties, Inc. extended the maturity of a US$200 million unsecured bank term loan from May 2026 to January 2029, with the interest rate linked to SOFR plus 95 basis points and subject to adjustment based on sustainability performance related to greenhouse gas emissions.
This innovative refinancing move not only provides the company with greater financial flexibility but also directly aligns its cost of capital with progress on environmental goals, reflecting...