#USA #Atlanta #Credit Facility #Cousins Properties #financial flexibility

Cousins Properties Enhances Financial Capability with New Credit Facility

In a significant development for the real estate sector, Cousins Properties (NYSE: CUZ) has successfully secured a new unsecured revolving credit facility worth $1.2 billion. Announced on April 1, 2026, this new five-year agreement replaces the previous facility that was set to mature in April 2027. The move also allows Cousins Properties to increase its borrowing capacity by an additional $200 million.

Strengthening Financial Operations

Cousins Properties has taken proactive steps to secure better financial terms in today’s fluctuating market. Apart from the enhancement of their credit facility, the company has also made amendments to its existing unsecured term loans, valued at $400 million and $100 million. Both loans now include options for two additional six-month extensions, providing a safety net for the company’s long-term financial health. This strategic decision not only brings greater liquidity but also improves the all-in borrowing costs; the spread on the revolving credit facility has improved by fifteen basis points, while both term loans benefit from a thirty basis points reduction.

Current borrowing spreads stand at 72.5 basis points over SOFR for the revolving credit facility and 80 basis points for the term loans, reflecting a more favorable borrowing landscape for Cousins Properties as they continue their expansion in the real estate market.

Building Strong Relationships

Gregg Adzema, Executive Vice President and Chief Financial Officer, highlighted the importance of maintaining robust relationships with their banking partners. He remarked, "These transactions underscore the strength of our long-term relationships with our banking group, and we appreciate their continued support." This sentiment illustrates Cousins Properties’ strategic focus on collaboration and mutual growth, which is crucial for thriving in today’s competitive market.

Liquidity for Growth

The enhanced liquidity and financial flexibility from this new credit arrangement empower Cousins Properties to execute its Sun Belt lifestyle office strategy effectively. Such strategies involve investing in high-growth office spaces in burgeoning markets, fostering corporate success and shareholder value.

With Cousins Properties' history of sound strategic planning and execution, this financial maneuver appears to set the stage for further growth opportunities.

Who is Cousins Properties?

Founded in 1958 and headquartered in Atlanta, Georgia, Cousins Properties operates as a fully integrated, self-managed real estate investment trust (REIT). The company focuses primarily on acquiring and developing Class A office buildings in the rapidly growing Sun Belt regions. Known for its comprehensive strategy that prioritizes high-quality assets and opportunistic investments, Cousins Properties showcases a long-standing commitment to enhancing shareholder value.

For those interested in learning more about Cousins Properties, additional information is readily accessible through their official website at www.cousins.com.

Conclusion

The new credit facility positions Cousins Properties favorably in a dynamic economic landscape, allowing them to pursue their strategic goals with greater confidence. As market conditions continue to evolve, maintaining such robust financial capabilities will be essential for sustained growth and success.

Contact Information:
Roni Imbeaux
Senior Vice President, Finance Investor Relations
404-407-1104
Email

This recent move by Cousins Properties not only highlights the organization's adaptability but also its commitment to seizing opportunities for growth in the competitive realm of real estate.