ATLANTA, Nov. 7, 2024
/PRNewswire/ -- Cousins Properties Incorporated (the
"Company") (NYSE: CUZ) today announced that it has commenced an
underwritten public offering of 6,000,000 shares of its common
stock.
The Company intends to use the net proceeds of the offering to
fund a portion of the purchase price of an office property in
Charlotte, North Carolina. If this
acquisition is not consummated, the net proceeds will be used for
general corporate purposes, including the acquisition and
development of office properties, other opportunistic investments
and the repayment of debt.
BofA Securities will serve as the sole book-running manager for
the offering.
This offering will be made pursuant to a prospectus supplement
to the Company's prospectus dated May 8,
2024, filed as part of the Company's effective shelf
registration statement relating to the shares. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy the shares described herein or any other
securities, nor shall there be any sale of these shares in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or other jurisdiction. The
offering may be made only by means of a prospectus supplement and
the related prospectus.
Before you invest, you should read the prospectus supplement,
the prospectus and other documents filed with the Securities and
Exchange Commission for more complete information about the Company
and this offering. You may get these documents for free by
visiting EDGAR on the Securities and Exchange Commission website at
www.sec.gov. Alternatively, a copy of the prospectus
supplement and the prospectus relating to the shares can be
obtained by contacting the underwriter as follows: BofA Securities
– NC1-022-02-25 – 201 North Tryon Street, Charlotte, NC 28255-0001 – Attn: Prospectus
Department – Email: dg.prospectus_requests@bofa.com.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and
self-managed real estate investment trust (REIT). The Company,
based in Atlanta, GA and acting
through its operating partnership, Cousins Properties LP, primarily
invests in Class A office buildings located in high-growth Sun Belt
markets. Founded in 1958, Cousins creates shareholder value through
its extensive expertise in the development, acquisition, leasing
and management of high-quality real estate assets. The Company has
a comprehensive strategy in place based on a simple platform,
trophy assets and opportunistic investments.
Forward-Looking Statements
Certain matters discussed in this press release are
forward-looking statements within the meaning of the federal
securities laws and are subject to uncertainties and risk and
actual results may differ materially from projections, including
matters related to the commenced public offering and intended use
of proceeds. Readers should carefully review the Company's
financial statements and notes thereto, as well as the risk factors
described in Part I, Item 1A of the Company's Annual Report on Form
10-K for the year ended December 31,
2023 and in Part II, Item 1A of the Company's Quarterly
Reports on Form 10-Q for the quarters ended June 30, 2024 and September 30, 2024, and other documents the
Company files from time to time with the Securities and Exchange
Commission. Such forward-looking statements are based on
current expectations and speak as of the date of such
statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of future events, new information or otherwise.
Contact:
Roni Imbeaux
Vice President, Finance and Investor Relations
Cousins Properties
404-407-1104
rimbeaux@cousins.com
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SOURCE COUSINS PROPERTIES INCORPORATED