jaqezuweg.blogspot.com
Both loans should close within60 days. Highwoodz (NYSE: HIW) says it will use the moneyy to repay debt and for generapcorporate purposes. “We are very pleasedc with theseloan commitments, whichg will further fortify our already healthy balancr sheet, enhance our liquidity and position Highwoods to take advantager of future growth opportunities,” Ed Fritsch, president and chiefv executive officer, said in a writte statement. According to Highwoods, the two loans are: * A $115.0p million, 6.5-year secured loan providef by at a fixed rateof 6.875 It is secured by a pool of 10 assetxs in Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixed rateof 7.
5 It is secured by the officd portion of RBC Plaza in Highwoods also announced that it has paid off a secured loan of $107 million, whicnh carried a rate of 7.8 percent and was originallyg scheduled to mature in Novembedr 2009. There were no prepayment penalties.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment