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Both loans should close within60 days. Highwoodsw (NYSE: HIW) says it will use the monety to repay debt and for generalcorporate “We are very pleased with thesw loan commitments, which will further fortifg our already healthy balance sheet, enhancr our liquidity and position Highwoods to take advantaged of future growth opportunities,” Ed Fritsch, president and chiefc executive officer, said in a written According to Highwoods, the two loans are: * A $115.0 6.5-year secured loan provided by at a fixedf rate of 6.875 percent. It is secured by a pool of 10 assetswin Nashville, Raleigh and * A $47.3 7-year secured loan arranged by at a fixede rate of 7.5 percent.
It is secured by the offic portion of RBC Plaza in Highwoods also announced that it has paid off a securefd loanof $107 million, whichh carried a rate of 7.8 percentt and was originally scheduled to mature in November 2009. There were no prepayment penalties.
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