THE HOWARD HUGHES CORPORATION (NYSE:HHC) Files An 8-K Other Events
Item 8.01.Other Events.
On March2, 2017, The Howard Hughes Corporation (the Company)
issued a press release announcing its intention to offer $800.0
million in aggregate principal amount of senior notes due 2025
(the Notes) in a private transaction that is exempt from the
registration requirements of the Securities Act of 1933. The
Company intends to use the net proceeds from the offering to
repurchase its outstanding 6.875% senior notes due 2021, to pay
related fees and expenses and, to the extent any proceeds remain,
for general corporate purposes. A copy of the press release is
attached hereto as Exhibit99.1 and is incorporated herein by
reference.
The information contained in this report shall not constitute an
offer to sell, or a solicitation of an offer to buy, and shall
not constitute an offer, solicitation or sale of any Notes in any
jurisdiction in which such an offer, solicitation or sale would
be unlawful.
Item 9.01Financial Statements and
Exhibits
(d)Exhibits
|
Exhibit Number |
|
Description |
|
99.1 |
Press Release dated March2, 2017. |
About THE HOWARD HUGHES CORPORATION (NYSE:HHC)
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in development of master planned communities and the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. The Company operates its business in three segments: Master Planned Communities, Operating Assets and Strategic Developments. The Company’s Master Planned Communities segment consists of the development and sale of residential land and the development of commercial land to hold, develop or sell. The Company’s Operating Assets segment contains approximately 50 properties, investments and other assets, consisting of retail, office, multi-family and hospitality properties. The Company’s Strategic Developments segment consists of over 30 development projects. THE HOWARD HUGHES CORPORATION (NYSE:HHC) Recent Trading Information
THE HOWARD HUGHES CORPORATION (NYSE:HHC) closed its last trading session 00.00 at 118.16 with 174,708 shares trading hands.
