HIGHWOODS PROPERTIES, INC. (NYSE:HIW) Files An 8-K Other Events
Item 8.01
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Other Events.
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Highwoods Realty Limited Partnership entered into separate equity
distribution agreements with each of Wells Fargo Securities, LLC,
Robert W. Baird Co. Incorporated, BBT Capital Markets, a division
of BBT Securities, LLC, Merrill Lynch, Pierce, Fenner Smith
Incorporated, BTIG, LLC, Capital One Securities, Inc., Comerica
Securities, Inc., Fifth Third Securities, Inc., Jefferies LLC,
Morgan Stanley Co. LLC, MUFG Securities Americas Inc. and RBC
Capital Markets, LLC. Under the terms of the equity distribution
agreements, the Company may offer and sell up to $300,000,000 in
aggregate gross sales price of shares of common stock from time
to time through such firms, acting as agents of the Company or as
principals. Sales of the shares, if any, may be made by means of
ordinary brokers transactions on the New York Stock Exchange or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices or as otherwise agreed with any of such firms (which may
include block trades).
agreement, each firm will use its commercially reasonable efforts
to sell on the Companys behalf any shares to be offered by the
Company under that equity distribution agreement. Under the terms
of each equity distribution agreement, the Company also may sell
shares to any of the firms, as principal for its own respective
account, at a price per share to be agreed upon at the time of
sale. If the Company sells shares to any such firm acting as
principal, it will enter into a separate terms agreement with
that agent, and the Company will describe the agreement in a
separate prospectus supplement or pricing supplement. If the
Company engages the firm for a sale of shares that would
constitute a distribution within the meaning of Rule 100 of
Regulation M under the Securities Exchange Act of 1934, as
amended, the Company and the firm will agree to compensation that
is customary for the firm with respect to such transactions.
automatic shelf registration statement on Form S-3 (Registration
No. 333-215936), as amended, including the related prospectus
dated February 7, 2017, and a prospectus supplement dated
February 8, 2017, as the same may be amended or supplemented.
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Item 9.01.
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Financial Statements and Exhibits.
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Form of Equity Distribution Agreement, dated February 8,
2017, among Highwoods Properties, Inc., Highwoods Realty Limited Partnership and each of the firms named therein |
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Opinion of DLA Piper LLP (US) regarding the legality of the
shares |
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Opinion of DLA Piper LLP (US) as to certain tax matters
(incorporated herein by reference to Exhibit 8 to the Registration Statement on Form S-3 (File No. 333-215936) filed with the Securities and Exchange Commission on February 7, 2017) |
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23.1
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Consent of DLA Piper LLP (US) (included in Exhibits 5 and
8) |
About HIGHWOODS PROPERTIES, INC. (NYSE:HIW)
Highwoods Properties, Inc. is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Company provides real estate services to its customers. The Company’s portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando, office and industrial properties in Greensboro and retail and office properties in Kansas City. The Company operates office, industrial, retail and residential properties. The Company holds interest in approximately 30 million rentable square feet of in-service properties, over 1.5 million rentable square feet of properties under development and approximately 500 acres of development land. HIGHWOODS PROPERTIES, INC. (NYSE:HIW) Recent Trading Information
HIGHWOODS PROPERTIES, INC. (NYSE:HIW) closed its last trading session down -0.13 at 49.91 with 966,630 shares trading hands.
