Highwoods lines up $162M in loans - Houston Business Journal:

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Both loans should close withi 60 days. Highwoods (NYSE: HIW) says it will use the money to repay debt and for generalcorporater purposes. “We are very pleased with these loan which will further fortifyg our already healthybalance sheet, enhancre our liquidity and position Highwoods to take advantage of future growth opportunities,” Ed president and chief executive officer, said in a written According to Highwoods, the two loansd are: * A $115.0 million, 6.5-year secured loan provided by at a fixee rate of 6.875 percent. It is secured by a pool of 10 assetssin Nashville, Raleigh and Tampa. * A $47.3 million, 7-year secures loan arranged by at a fixed rateof 7.
5 It is secured by the office portiomn of RBC Plaza in Highwoods also announced that it has paid off a secureds loan of $107 million, which carried a rate of 7.8 perceny and was originally scheduled to mature in Novembeer 2009. There were no prepaymenf penalties.