Highwoods Closes on $250MM Line

Highwoods Properties Inc., a real estate investment trust based in Raleigh, N.C., has closed on a new $250 million senior unsecured revolving credit facility.The new facility replaces the REIT's previous $300 million unsecured line of credit. The facility, which is provided by 10 lender banks, was arranged and syndicated by Banc of America Securities LLC. The company can be found on the Web at http://www.highwoods.com.

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