debt
confidence high
sentiment positive
materiality 0.55
Century Communities refinances $400M 5.875% notes with $500M 3.875% notes due 2029
Century Communities, Inc.
- Redeemed all $400M of 5.875% Senior Notes due 2025 at 102.938% of principal plus accrued interest.
- Issued $500M of 3.875% Senior Notes due 2029; proceeds used to fund redemption.
- Redemption date set for September 2, 2021; indenture satisfied and discharged.
- Company estimates lower annual interest expense from the refinancing.