Howard Hughes to repay Woodlands bridge loans with new notes

By Cady Vishniac

Detroit, Jan. 19 – Howard Hughes Corp. plans to use the proceeds from its new $1.3 billion issue of notes to repay all of the approximately $280 million outstanding under its bridge loans for The Woodlands Towers at the Waterway and The Woodlands Warehouse maturing in June 2021, according to a press release.

Most of the proceeds will be used to fund a tender offer or redeem the company’s $1 billion 5 3/8% senior notes due 2025.

Howard Hughes is a Dallas-based real estate development and management company.

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