0000941713-20-000008.txt : 20200731 0000941713-20-000008.hdr.sgml : 20200731 20200730194928 ACCESSION NUMBER: 0000941713-20-000008 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200731 DATE AS OF CHANGE: 20200730 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHWOODS REALTY LTD PARTNERSHIP CENTRAL INDEX KEY: 0000941713 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 561869557 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-236249-01 FILM NUMBER: 201062422 BUSINESS ADDRESS: STREET 1: 3100 SMOKETREE CT STE 600 CITY: RALEIGH STATE: NC ZIP: 27604 BUSINESS PHONE: 9198724924 MAIL ADDRESS: STREET 1: 3100 SMOKETREE COURT STREET 2: STE 600 CITY: RALEIGH STATE: NC ZIP: 27604 FORMER COMPANY: FORMER CONFORMED NAME: HIGHWOODS FORSYTH L P DATE OF NAME CHANGE: 19960626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHWOODS REALTY LTD PARTNERSHIP CENTRAL INDEX KEY: 0000941713 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 561869557 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 3100 SMOKETREE CT STE 600 CITY: RALEIGH STATE: NC ZIP: 27604 BUSINESS PHONE: 9198724924 MAIL ADDRESS: STREET 1: 3100 SMOKETREE COURT STREET 2: STE 600 CITY: RALEIGH STATE: NC ZIP: 27604 FORMER COMPANY: FORMER CONFORMED NAME: HIGHWOODS FORSYTH L P DATE OF NAME CHANGE: 19960626 FWP 1 fwp07302020.htm FWP Document


Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated July 30, 2020
Registration Statement No. 333-236249-01
HIGHWOODS REALTY LIMITED PARTNERSHIP
$400,000,000
2.600% Notes due 2031
Final Term Sheet
Dated: July 30, 2020
Issuer:
Highwoods Realty Limited Partnership
Security:
2.600% Notes due 2031
Format:
SEC Registered
Expected Ratings (Moody's/S&P)*:
Baa2 / BBB
Principal Amount:
$400,000,000
Maturity Date:
February 1, 2031
Trade Date:
July 30, 2020
Settlement Date (T+10):
August 13, 2020
Interest Payment Dates:
February 1 and August 1, commencing February 1, 2021
Benchmark Treasury:
0.625% due May 15, 2030
Benchmark Treasury Price / Yield:
100-24+ / 0.545%
Spread to Benchmark Treasury:
T + 210 bps
Yield to Maturity:
2.645%
Coupon:
2.600%
Public Offering Price:
99.591% of the principal amount, plus accrued interest, if any, from the Settlement Date
Optional Redemption Provisions:
 
Make-whole Call:
Make-whole call at any time prior to November 1, 2030 (the date that is three months prior to the maturity date, the “Par Call Date”), at the applicable Treasury Constant Maturity plus 35 bps
Par Call:
On or after the Par Call Date, the redemption price will equal 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest on the principal amount of the notes to be redeemed to, but excluding, the redemption date
CUSIP / ISIN:
431282 AT9 / US431282AT94
Joint Book-Running Managers:
Wells Fargo Securities, LLC
BofA Securities, Inc.
Jefferies LLC
SunTrust Robinson Humphrey, Inc.
U.S. Bancorp Investments, Inc.
Capital One Securities, Inc.
Regions Securities LLC
J.P. Morgan Securities LLC
Co-Managers:
FHN Financial Securities Corp.
Fifth Third Securities, Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.




This communication is intended for the sole use of the person to whom it is provided by the issuer.
Terms used herein but not defined shall have the respective meanings as set forth in the issuer’s preliminary prospectus supplement dated July 30, 2020.
Other information (including other financial information) presented in the Preliminary Prospectus Supplement is deemed to have changed to the extent affected by the information contained herein.
The issuer has filed a registration statement including a prospectus and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by contacting Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, toll-free: 1-800-645-3751, email: wfscustomerservice@wellsfargo.com; BofA Securities, Inc. NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, email: dg.prospectus_requests@baml.com, toll-free: 1-800-294-1322; Jefferies LLC at 520 Madison Avenue, New York, NY 10022, Attention: Debt Capital Markets, toll-free: 1-877-877-0696, email: DCMProspectuses@jefferies.com; or SunTrust Robinson Humphrey, Inc. at 303 Peachtree Street, Atlanta, GA 30308, Attention: Prospectus Dept., toll-free: 1-800-685-4786, email: STRHdocs@SunTrust.com.
We expect that delivery of the notes will be made to investors on or about August 13, 2020, which will be the tenth business day following the date of this term sheet (such settlement being referred to as “T+10”). Because trades in the secondary market generally settle in two business days, purchasers who wish to trade notes on any date prior to the second business day before delivery will be required, by virtue of the fact that notes initially will settle T+10, to specify alternative settlement arrangements to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to their date of delivery should consult their advisors.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.