debt
confidence high
sentiment neutral
materiality 0.60
Forestar commences cash tender offer for any and all $400M 3.850% senior notes due 2026
Forestar Group Inc.
- Tender offer for any and all of $400 million outstanding 3.850% senior notes due 2026.
- Expiration at 5:00 p.m. NY time on March 11, 2025; settlement expected March 14, 2025.
- Purchase price based on fixed spread of 0 bps over 2.125% UST due May 15, 2025 yield.
- Tender offer conditioned on completion of a contemporaneous debt financing satisfactory to Forestar.
- No minimum tender condition; holders may withdraw before expiration.