HIGHWOODS PROPERTIES, INC. 8-K

What Happened
Highwoods Properties, Inc. (HIW) filed an 8-K disclosing a Sixth Amendment to its credit agreement dated June 3, 2026. The amendment extends the maturity of a $150.0 million unsecured bank term loan from May 2027 to June 2029 (with the company able to extend for two additional years at its option if no defaults have occurred) and updates interest-rate pricing across its credit facilities.

Key Details

• Amendment date: June 3, 2026; disclosed in the 8-K filed June 4, 2026.
• $150.0 million unsecured term loan maturity extended from May 2027 to June 2029; option to extend up to two more years.
• Revised interest spreads (all based on SOFR and the higher of Moody’s or S&P public ratings):
  • $150M term loan: SOFR + 90 basis points
  • $200M term loan: SOFR + 95 basis points
  • $750M unsecured revolving credit facility: SOFR + 85 basis points
• Margin adjustments of ±2.5 basis points possible based on achievement of pre-determined sustainability goals related to greenhouse gas emission reductions.
• The amendment is documented as the Sixth Amendment to the Sixth Amended and Restated Credit Agreement (listed as an exhibit).

Why It Matters
This amendment reduces near-term refinancing pressure by pushing the $150M term loan out two years and provides clarity on borrowing costs tied to SOFR and the company’s credit ratings. Investors should note the explicit link between margins and both credit ratings and sustainability performance (small ±2.5 bps adjustments), which affects future interest expense. The change is a material financing update that may influence HIW’s liquidity planning and interest-cost outlook.