04:42 PM EDT, 06/13/2024 (MT Newswires) -- Howard Hughes Holdings ( HHH ) said Thursday it has closed a $130 million refinancing of its 601,000-square-foot Class A office tower in Texas.

The company said the five-year loan bears a fixed interest rate of 7.075% and amortizes on a 30-year schedule.

The loan will address its largest debt maturity in the next two years, which is 24% of its 2025 debt maturities.

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