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| HIW > SEC Filings for HIW > Form 8-K on 15-Oct-2012 | All Recent SEC Filings |
15-Oct-2012
Creation of a Direct Financial Obligation or an Obligation under an Off-
On October 11, 2012, we modified our $200.0 million, five-year unsecured bank term loan, which was originally scheduled to mature in February 2016. The loan is now scheduled to mature in January 2018 and the interest rate was reduced from LIBOR plus 220 basis points to LIBOR plus 165 basis points.
Wells Fargo Securities, LLC served as lead arranger for the modified term loan. Banks participating in the modification included:
Wells Fargo Bank, N.A. Original Participant PNC Bank, N.A. Original Participant Branch Banking and Trust Company Original Participant U.S. Bank, N.A. Original Participant Bank of America, N.A. New Participant Union Bank, N.A. Original Participant Fifth Third New Participant Capital One, N.A. Original Participant |
Bank of America, N.A. and Fifth Third replaced Regions Bank and First Tennessee Bank National Association in the modified term loan. The proceeds from Bank of America, N.A. and Fifth Third, aggregating $35.0 million, were used to reduce amounts outstanding under our revolving credit facility. Regions Bank and First Tennessee, which aggregated $35.0 million of the principal balance under the original term loan, will be paid off on or before February 25, 2013.
(d) Exhibits
No. Description
10.1 Second Amendment, dated as of October 11, 2012, to Credit Agreement, dated
as of February 2, 2011, by and among the Company, the Operating
Partnership and the Subsidiaries named therein and the Lenders named
therein
10.2 First Amendment, dated as of October 11, 2012, to Credit Agreement, dated
as of January 11, 2012, by and among the Company, the Operating
Partnership and the Subsidiaries named therein and the Lenders named
therein
10.3 First Amendment, dated as of October 12, 2012, to Third Amended and
Restated Credit Agreement, dated as of July 27, 2011, by and among the
Company, the Operating Partnership and the Subsidiaries named therein and
the Lenders named therein
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