Howard Hughes Corporation announces a $1 billion private placement of senior notes to redeem existing debt and for corporate purposes.
Quiver AI Summary
Howard Hughes Holdings Inc. has announced that its subsidiary, The Howard Hughes Corporation, is launching a private placement to offer $1 billion in senior notes, maturing in 2032 and 2034. The proceeds will be used to redeem all outstanding 5.375% Senior Notes due 2028 and for general corporate purposes. The offering will be made exclusively to qualified institutional buyers under Rule 144A and is subject to market conditions; the notes will not be registered under the Securities Act. This announcement does not constitute an offer to sell or a solicitation to buy the notes. Howard Hughes Holdings focuses on long-term shareholder value through its extensive portfolio of real estate developments across the U.S.
Potential Positives
- The Howard Hughes Corporation is seeking to raise $1 billion through the private placement of senior notes, which indicates confidence in its financial strategy and ongoing business operations.
- The net proceeds from the offering will be used to redeem outstanding higher-interest notes, potentially reducing debt service costs and improving financial flexibility.
- The offering of senior notes due 2032 and 2034 shows Howard Hughes Holdings Inc.'s long-term commitment to capital management and suggests a focus on optimizing its capital structure.
Potential Negatives
- The announcement of a $1 billion offering may indicate the company is facing financial pressures, potentially raising concerns among investors regarding its liquidity and financial health.
- The need to redeem existing senior notes suggests the company may be managing significant debt obligations, which could affect its ability to invest in growth opportunities.
- The failure to register the Notes under the Securities Act may limit the pool of potential investors, placing additional constraints on the company's capital-raising efforts.
FAQ
What is the total amount of senior notes offered by Howard Hughes Corporation?
Howard Hughes Corporation is offering a total of $1 billion in senior notes.
What is the purpose of the senior notes offering?
The net proceeds will be used to redeem outstanding 2028 Notes and for general corporate purposes.
Who can purchase the senior notes?
The senior notes are being offered solely to qualified institutional buyers and certain persons outside the U.S.
Will the senior notes be registered under the Securities Act?
No, the senior notes have not been and will not be registered under the Securities Act.
What is the trading symbol for Howard Hughes Holdings Inc.?
Howard Hughes Holdings Inc. is traded on the New York Stock Exchange under the symbol HHH.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HHH Insider Trading Activity
$HHH insiders have traded $HHH stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $HHH stock by insiders over the last 6 months:
- MARY ANN TIGHE sold 6,000 shares for an estimated $532,965
- R SCOT SELLERS purchased 5,000 shares for an estimated $389,713
- ANTHONY WILLIAMS sold 1,100 shares for an estimated $87,538
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HHH Revenue
$HHH had revenues of $390.2M in Q3 2025. This is an increase of 19.28% from the same period in the prior year.
You can track HHH financials on Quiver Quantitative's HHH stock page.
$HHH Hedge Fund Activity
We have seen 159 institutional investors add shares of $HHH stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RUSSELL INVESTMENTS GROUP, LTD. added 276,083 shares (+98.3%) to their portfolio in Q3 2025, for an estimated $22,685,740
- CRCM LP added 253,490 shares (+82.5%) to their portfolio in Q3 2025, for an estimated $20,829,273
- JANUS HENDERSON GROUP PLC added 215,374 shares (+1458.0%) to their portfolio in Q3 2025, for an estimated $17,697,281
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 175,869 shares (-86.1%) from their portfolio in Q3 2025, for an estimated $14,451,155
- ANNEX ADVISORY SERVICES, LLC added 166,489 shares (+1117.5%) to their portfolio in Q4 2025, for an estimated $13,280,827
- BALYASNY ASSET MANAGEMENT L.P. removed 157,968 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $12,980,230
- CANDRIAM S.C.A. removed 137,189 shares (-90.3%) from their portfolio in Q3 2025, for an estimated $11,272,820
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HHH Analyst Ratings
Wall Street analysts have issued reports on $HHH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 10/01/2025
To track analyst ratings and price targets for $HHH, check out Quiver Quantitative's $HHH forecast page.
$HHH Price Targets
Multiple analysts have issued price targets for $HHH recently. We have seen 2 analysts offer price targets for $HHH in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Alexander Goldfarb from Piper Sandler set a target price of $95.0 on 10/01/2025
- Anthony Paolone from JP Morgan set a target price of $85.0 on 08/29/2025
Full Release
THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) today announced that its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”) has commenced an offering through a private placement, subject to market and other conditions, to offer $1 billion in aggregate principal amount of HHC senior notes consisting of senior notes due 2032 (the “2032 Notes”) and senior notes due 2034 (the “2034 Notes” and, together with the 2032 Notes, the “Notes”).
HHC intends to use the net proceeds of the offering to redeem all of its outstanding 5.375% Senior Notes due 2028 (the “2028 Notes”), including the payment of premiums, accrued and unpaid interest and expenses related to such redemption and for general corporate purposes. This press release shall not constitute a notice of redemption of the 2028 Notes.
The Notes are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in reliance on Regulation S under the Securities Act. The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. (HHH) is a holding company focused on growing long-term shareholder value. Through its real estate platform, Howard Hughes Communities, HHH owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including The Woodlands
®
, Bridgeland
®
and The Woodlands Hills
®
in Greater Houston; Summerlin
®
in Las Vegas; Teravalis™ in Greater Phoenix; Ward Village
®
in Honolulu; and Merriweather District in Columbia, Maryland. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Media Relations:
Cristina Carlson
Howard Hughes
[email protected]
646-822-6910
Francis McGill
Pershing Square
[email protected]
212-909-2455
Investor Relations:
[email protected]
281-929-7700
