Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):

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Both loans should close withinb60 days. Highwoods (NYSE: HIW) says it will use the mone to repay debt and for generalcorporate “We are very pleasef with these loan commitments, which will further fortify our alreadt healthy balance sheet, enhance our liquidity and position Highwoods to take advantager of future growth opportunities,” Ed president and chief executive said in a written statement. Accordinbg to Highwoods, the two loand are: * A $115.0 6.5-year secured loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assets in Raleigh and Tampa. * A $47.3 million, 7-yearr secured loan arranged by at a fixed rateof 7.5 percent.
It is secured by the officee portion of RBC Plazain Raleigh. Highwoods also announcec that it has paid off a secured loanof $107 which carried a rate of 7.8 percent and was originallty scheduled to mature in November 2009. There were no prepayment penalties.