Cousins Properties Incorporated announced the pricing of its underwritten public offering of 6,000,000 shares of common stock. The offering is expected to generate gross proceeds of approximately $188 million before underwriting discounts and estimated offering expenses.
The offering is expected to close on November 12, 2024, subject to customary conditions. These proceeds are intended to fund a portion of the purchase price for the Vantage South End office property in Charlotte, North Carolina.
The successful pricing of this equity offering secures a significant portion of the financing required for the strategic acquisition. This move enhances the company's financial flexibility and supports its growth initiatives in the Sun Belt region.
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