- Cousins Properties has closed a new five-year, US$1.20 billion unsecured credit facility, expanding borrowing capacity, lowering spreads over SOFR, and extending term loan flexibility while keeping financial covenants largely unchanged.
- Separately, Cousins announced a long-term lease with Oracle for 116,000 square feet at its Neuhoff mixed-use project in Nashville, further supporting occupancy across the office-led development, which is already substantially leased in its office and residential components.
- With the enhanced credit facility strengthening liquidity, we’ll now examine how this development affects Cousins Properties’ existing investment narrative.
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