Highwoods Announces Increase to Tender Cap for Outstanding 3.20% Notes due 2021 to $150,000,000

RALEIGH, N.C., July 30, 2020 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) (the “Company”) announced today that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations (the “Operating Partnership”), has increased the principal amount of its outstanding 3.20% Notes due 2021 (CUSIP 431282 AN2) (the “Notes”) that it can purchase under its previously announced tender offer (the “Offer”) from $100,000,000 to $150,000,000 (as amended by this press release, the “Tender Cap”), subject to the conditions set forth in the offer to purchase, dated July 30, 2020 (as amended or supplemented from time to time, the “Offer to Purchase”). Except as stated herein, all other terms and conditions of the Offer, as described in the Offer to Purchase, remain the same.

Information Related to the Offer
The Offer to Purchase is being distributed to holders beginning today. Wells Fargo Securities, LLC is serving as the dealer manager for the Offer. Investors with questions regarding the Offer may contact Wells Fargo Securities, LLC at [phone] (collect) or [phone] (toll-free) or [e-mail].

None of the Company or its board of directors, the Operating Partnership, the dealer manager, the tender and information agent or the trustee with respect to the Notes is making any recommendation as to whether holders should tender any Notes in response to the Offer, and neither the Operating Partnership nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Notes and the Offer does not constitute an offer to buy or the solicitation of an offer to sell the Notes in any jurisdiction or in any circumstances in which such offer or solicitation are unlawful. The full details of the Offer, including complete instructions on how to tender the Notes, are included in the Offer to Purchase. Holders are strongly encouraged to carefully read the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to Purchase may be obtained from D.F. King & Co., Inc., free of charge, by calling [phone] (collect, for banks and brokers) or [phone] (toll-free, for all others), or by email to [e-mail].