Highwoods Properties, Inc. completed a public offering of $400 million of its operating partnership’s 3.050% notes due in 2030, according to a Securities and Exchange Commission filing released Friday.
In a press release initially announcing the offering, the company said it intends to use the proceeds to repay debt. The company has debt outstanding on a $600 million unsecured revolving credit facility and a $200 million unsecured bank term loan maturing in January 2022.
The notes were issued as part of a shelf registration filed by the partnership in Feb. 2017.
Highwoods Properties, Inc., headquartered in Raleigh, N.C. is a real estate investment trust company. Their shares closed at $44.37 a share Friday, down 63 cents.

