Cousins Properties LP Completes $500 Million Senior Notes Offering

On August 16, 2024, Cousins Properties LP, the operating partnership and subsidiary of our client, Cousins Properties Incorporated (NYSE: CUZ) (the “Company”), completed the offer and sale of $500 million aggregate principal amount of its 5.875% senior notes due 2034 in an underwritten registered public offering, generating approximately $493.3 million in net proceeds. The notes are fully and unconditionally guaranteed by the Company. Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. Its core focus is on the acquisition, development, ownership, and management of Class A office assets and opportunistic mixed-use developments in Sun Belt markets, with a particular focus on Atlanta, Austin, Phoenix, Tampa, Charlotte, Dallas, and Nashville. The King & Spalding team advising the Company on this offering consisted of Keith Townsend, Elizabeth Morgan, John Morris, Savannah Padgett, and Nick Markwordt. Wayne Pressgrove and Sue Moon advised on tax matters and Jennifer Neilsson advised on ERISA matters. Marcus Young advised on United Kingdom and European Union securities matters and Mark Davies advised on Japanese securities matters. Alanna Quinn provided paralegal support.