debt
confidence high
sentiment neutral
materiality 0.55
Century Communities issues $500M 6.625% senior notes due 2033
Century Communities, Inc.
- $500M aggregate principal, 6.625% coupon, maturity September 15, 2033.
- Interest payable semi-annually March 15 and September 15, first payment March 15, 2026.
- Notes are unsecured senior obligations subordinated to future secured debt; guaranteed by subsidiaries.
- Company may redeem notes on or after Sept 15, 2028 at specified prices; prior redemption at make-whole premium.
- Change of control with ratings downgrade triggers repurchase offer at 101% of principal plus accrued interest.
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