Landsea homes announces pricing of private offering of senior notes

Dallas, march 19, 2024 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”) announced today that it has priced its previously announced offering (the “offering”) of $300,000,000 of 8.875% senior notes due 2029 (the “notes”). the notes will be guaranteed, jointly and severally, on a senior unsecured basis, by all of the company's material wholly owned subsidiaries as of their issuance (the “guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the company and guarantors. the offering is expected to settle on or around april 1, 2024, subject to customary closing conditions.
LSEA Ratings Summary
LSEA Quant Ranking