Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Howard Hughes Corp. > News item |
Howard Hughes to price $200 million tap of 5 3/8% notes due 2025 in Monday drive-by
By Paul A. Harris
Portland, Ore., June 12 – Howard Hughes Corp. plans to price a $200 million add-on to its 5 3/8% senior notes due March 15, 2025 in a quick-to-market Monday deal, according a market source.
J.P. Morgan Securities LLC is lead on the Rule 144A and Regulation S offering.
The notes become callable after March 15, 2020.
The Dallas-based real estate developer plans to use the proceeds for general corporate purposes, including repayment of construction financings and ongoing development projects.
The original $800 million issue priced on March 3, 2017.
The add-on notes will become fungible with the original notes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.