Brief: Cousins Properties Inc - Svb Financial Is Current On Financial Obligations Of Its Lease With Cousins Through March 2023

Cousins Properties

15/03/2023 20:23

March 15 (Reuters) - Cousins Properties Inc  CUZ.N :
    * COUSINS PROPERTIES INC - SVB FINANCIAL IS CURRENT ON
FINANCIAL
OBLIGATIONS OF ITS LEASE WITH COUSINS THROUGH MARCH 2023
    * COUSINS PROPERTIES INC - AS OF MARCH 2023, WE HAVE $2.0
MILLION
OF NET ASSETS ON OUR BALANCE SHEET ATTRIBUTABLE TO SVB FINANCIAL
LEASE
    * COUSINS PROPERTIES INC: COUSINS DOES NOT HAVE DIRECT
EXPOSURE TO
SIGNATURE BANK, INCLUDING LETTER OF CREDIT EXPOSURE
    * COUSINS PROPERTIES - AS OF MARCH 15, AGGREGATE SECURITY
DEPOSITS
IN FORM OF LETTERS OF CREDIT ISSUED BY SVB BANK TO COUSINS WERE
ABOUT $11.7 MILLION

Source text: [ID:https://m5.gs/bVhpN1]
Further company coverage:  CUZ.N 

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