Cousins Properties Issues $500M 4.875% Senior Notes Due 2033 to Fund Charlotte Acquisition

Charlotte Trophy Asset Drives $500 Million Note Sale

Cousins Properties is raising $500 million in senior unsecured notes to shore up financing tied to its recent acquisition of 300 South Tryon, a 638,000-square-foot trophy lifestyle office property in Charlotte. The operating partnership, Cousins Properties LP, prices 4.875% notes due 2033 at 99.259% of par, in an offering that is expected to close on Feb. 20, 2026, subject to customary closing conditions. The notes are fully and unconditionally guaranteed on a senior unsecured basis by Cousins Properties.

The company intends to use net proceeds primarily to repay a portion of borrowings under its credit facility that were partially incurred to fund the 300 South Tryon purchase. Any remaining proceeds are available for working capital, capital expenditures and other general corporate purposes, which may include repayment of other outstanding indebtedness such as a portion of its term loan. The issuance is part of a targeted effort to convert shorter‑term, secured borrowings into longer‑dated unsecured debt tied directly to a flagship asset.

Cousins frames the transaction as a means to better align its capital structure with its portfolio mix of Class A office properties in high-growth Sun Belt markets. By replacing credit facility borrowings with a fixed‑rate bond maturing in 2033, the REIT seeks to extend debt maturities and lock in financing costs while supporting leasing, asset management and redevelopment activities at its trophy properties. The note guarantee by the parent company underscores the integrated nature of the operating partnership and the corporate sponsor’s backing.

Deal Mechanics and Regulatory Details

J.P. Morgan, BofA Securities, Morgan Stanley and PNC Capital Markets are acting as joint book‑running managers for the offering. A shelf registration statement covering the securities is effective with the U.S. Securities and Exchange Commission, and the offering is being made only by means of a prospectus supplement and accompanying prospectus, copies of which are available from the managers or electronically on SEC.gov. The company notes the release is not an offer to sell or a solicitation in any jurisdiction where such activity would be unlawful.

Company Profile

Headquartered in Atlanta and founded in 1958, Cousins Properties is a fully integrated, self‑administered and self‑managed real estate investment trust that focuses on developing, acquiring, leasing and managing Class A office buildings across the Sun Belt. The firm emphasizes creating shareholder value through development and active asset management of high‑quality office properties.