lihung-associations.blogspot.com
Both loans should closes within60 days. Highwoods (NYSE: HIW) says it will use the mone y to repay debt and for generalcorporatee purposes. “We are very pleased with thesewloan commitments, which will furthe fortify our already healthy balance sheet, enhance our liquidit y and position Highwoods to take advantage of future growth opportunities,” Ed president and chief executivwe officer, said in a writtenj statement. According to Highwoods, the two loans are: * A $115.09 million, 6.5-year secured loan provided by at a fixed rateof 6.875 percent. It is secured by a pool of 10 assetsdin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixex rateof 7.
5 percent. It is secured by the office portion of RBC Plaza in Highwoods also announced that it has paid off a securec loanof $107 million, which carried a rate of 7.8 percent and was originallyu scheduled to mature in November 2009. Theres were no prepayment
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment