debt
confidence high
sentiment positive
materiality 0.70
Century Communities issues $500M 3.875% Senior Notes due 2029, refinances 5.875% notes due 2025
Century Communities, Inc.
- Issued $500M aggregate principal of 3.875% Senior Notes due 2029 via private placement.
- Proceeds to redeem all $400M of outstanding 5.875% Senior Notes due 2025 at 102.938% of par plus accrued interest.
- Offering expected to close August 23, 2021; redemption conditioned on offering consummation.
- Remaining net proceeds used for general corporate purposes.