ATLANTA -- Cousins Properties Incorporated (the “Company”) (NYSE: CUZ) announced today that it has commenced a public offering of 32,000,000 shares of common stock.
The underwriters will be granted a 30-day option to purchase up to 4,800,000 additional shares of common stock to cover overallotments, if any.
BofA Merrill Lynch, Morgan Stanley and J.P. Morgan are the joint book-running managers for the offering. The Company plans to use the net proceeds from the offering to repay a portion of the outstanding balance under the Company’s unsecured revolving credit facility. Any net proceeds in excess of $248 million will be used to repay additional existing indebtedness under the Company’s revolving credit facility and for general corporate purposes.
Contact: Cameron Golden, 404-407-1984, camerongolden@cousinsproperties.com
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