ATLANTA, Dec. 11,
2024 /PRNewswire/ -- Cousins Properties Incorporated
(the "Company") (NYSE: CUZ) today announced that it has priced an
underwritten public offering of 9,500,000 shares of its common
stock. 9,500,000 shares are being offered by the Company for
expected gross proceeds of approximately $284 million before underwriting discounts and
estimated offering expenses payable by the Company. Subject to
customary conditions, the offering is expected to close on
December 12, 2024.
J.P. Morgan served 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 these 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: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.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
