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The Howard Hughes ( NYSE: HHC ) has closed a $1.3B financing, which increases the company's liquidity to over $800M.
The real estate development company refinanced a senior secured corporate credit facility and completed various financings across its national portfolio, which include a non-recourse, five-year $200M term loan.
HHC was able to fully retire a senior secured corporate credit facility with the new financings, with an outstanding balance of ~$242.2M.