humojo.wordpress.com
Both loans should close withimn60 days. Highwoods HIW) says it will use the money to repagy debt and for generapcorporate purposes. “We are very pleased with thesedloan commitments, which will further fortify our alreadt healthy balance sheet, enhance our liquidity and positiom Highwoods to take advantage of futures growth opportunities,” Ed Fritsch, president and chief executive said in a written According to Highwoods, the two loans are: * A $115.00 million, 6.5-year secured loan provided by at a fixed rate of 6.875 It is secured by a pool of 10 asseta in Nashville, Raleigh and Tampa. * A $47.3 million, 7-yead secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portion of RBC Plazaw in Raleigh. Highwoods also announced that it has paid off a securex loanof $107 million, which carriexd a rate of 7.8 percent and was originally scheduled to maturre in November 2009. There were no prepayment penalties.
No comments:
Post a Comment