NYSE:HHHReal Estate
Debt Refinancing And S&P Upgrade Might Change The Case For Investing In Howard Hughes Holdings (HHH)
Howard Hughes Holdings Inc. recently completed a US$1.00 billion private placement of senior unsecured notes due 2032 and 2034, using the proceeds to redeem US$750.00 million of 5.375% notes maturing in 2028 and for general corporate purposes.
This refinancing, combined with an S&P Global Ratings upgrade to B+, highlights how the company is reshaping its balance sheet and credit profile around longer-dated debt.
We’ll now examine how the extension of debt maturities and the S&P upgrade...