debt
confidence high
sentiment neutral
materiality 0.70
Century Communities launches $400M senior notes offering to refinance 2025 notes
Century Communities, Inc.
- Private offering of $400M aggregate principal of new Senior Notes due 2029.
- Net proceeds plus cash to redeem all $400M of 5.875% Senior Notes due 2025 at 102.938% of principal.
- Redemption conditionally set for Sept 2, 2021, subject to closing of new notes.
- Also amended distribution agreement to sell up to $100M common stock via ATM facility.
- Notes to be guaranteed on unsecured senior basis by certain domestic subsidiaries.