Howard Hughes to price $750 million eight-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Aug. 5 – Howard Hughes Corp. plans to price a $750 million offering of eight-year senior notes (Ba3/BB-/BB) in a Wednesday drive-by, according to a market source.

J.P. Morgan Securities LLC, BofA Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

The Dallas-based real estate developer and manager plans to use the proceeds for general corporate purposes, including debt repayment.

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