Lido merger sub, inc. announces completion of consent solicitation for 8.875% senior notes due 2029 of landsea homes corporation

New york, may 29, 2025 (globe newswire) -- lido merger sub, inc. (the “company”) announced today that, according to information provided by global bondholder services corporation, the information and tender agent for the company's previously announced cash tender offer (the “tender offer”) and consent solicitation (the “consent solicitation”), as of 5:00 p.m., new york city time, on may 29, 2025, the company had received tenders and consents from holders of $293,848,000 in aggregate principal amount of landsea homes corporation's (“landsea homes”) outstanding 8.875% senior notes due 2029 (the “notes”), representing approximately 97.95% of the total outstanding principal amount of the notes.
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