Cousins Properties Incorporated (the “Company”) (NYSE: CUZ) today
announced that it has commenced an underwritten public offering of 18.0million shares of its common stock.
The Company intends to use the net proceeds of the offering to fund the
purchase price of Fifth Third Center, a 698,000 square feet Class-A
office building located in the Uptown submarket of Charlotte, North
Carolina. Any remaining proceeds will be used for general corporate
purposes, including the acquisition and development of office
properties, other opportunistic investments and the repayment of debt.
J.P. Morgan 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 March 29, 2013, filed as part of the
Company’s effective shelf registration statement relating to these
securities. 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 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 Web site at www.sec.gov.
Alternatively, a copy of the preliminary prospectus supplement, final
prospectus supplement (when available) and the base prospectus relating
to the shares can be obtained by contacting the underwriter as follows:
J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, telephone
About Cousins Properties Incorporated
Cousins Properties Incorporated is a leading diversified real estate
company with extensive experience in development, acquisition,
financing, management and leasing. Based in Atlanta, the Company
actively invests in top-tier urban office assets and opportunistic
mixed-use developments in Sunbelt markets.
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, 2013 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.
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
of Investor Relations and Corporate Communications
Source: Cousins Properties Incorporated