Cousins Properties prices $500M 4.875% notes to refinance Charlotte 300 South Tryon acquisition

Cousins taps debt markets to refinance borrowings tied to Charlotte trophy office

Cousins Properties is pricing $500 million of 4.875% senior unsecured notes due 2033 to refinance borrowings linked to its recent acquisition of 300 South Tryon, the Atlanta-based REIT says. The notes are offered by operating partnership Cousins Properties LP and are priced at 99.259% of par, with the issuance expected to close on Feb. 20, 2026 subject to customary closing conditions. Cousins provides an unconditional senior unsecured guarantee of the debt.

The company intends to use net proceeds to repay a portion of borrowings under its credit facility that were partially incurred to acquire 300 South Tryon, a 638,000-square-foot trophy “lifestyle” office property in Charlotte, North Carolina. Any remaining proceeds are available for working capital, capital expenditures and other general corporate purposes, which may include repayment of other outstanding indebtedness, including a portion of its term loan. J.P. Morgan, BofA Securities, Morgan Stanley and PNC Capital Markets are acting as joint book‑running managers on the offering.

Cousins emphasizes that the offering is made from an effective shelf registration statement filed with the U.S. Securities and Exchange Commission and will be conducted only by means of a prospectus supplement and accompanying prospectus. The company states the documents are available from the joint managers or on SEC.gov and reiterates that the release does not constitute an offer to sell or a solicitation in any jurisdiction where such an offer would be unlawful prior to registration or qualification.

Company profile and strategy

Cousins Properties is a fully integrated, self‑administered and self‑managed real estate investment trust founded in 1958 and based in Atlanta. The REIT focuses on Class A office buildings in high‑growth Sun Belt markets and pursues value through development, acquisition, leasing and on‑going property management, with recent activity highlighting its willingness to deploy capital into large-scale, high-quality office assets.

Market and procedural notes

The offering documentation and prospectus supplement may be obtained from J.P. Morgan Securities LLC, BofA Securities, Morgan Stanley or PNC Capital Markets, or directly from the SEC, the company says. The deal remains subject to customary closing conditions and standard regulatory disclosures as it progresses toward the expected closing date.