debt
confidence high
sentiment neutral
materiality 0.60
Forestar prices $500M 6.5% senior notes due 2033; proceeds to fund tender for $400M 3.85% notes
Forestar Group Inc.
- $500M aggregate principal of 6.500% senior unsecured notes due March 15, 2033 priced March 5, 2025.
- Closing expected March 14, 2025; notes rank equally with existing senior unsecured debt.
- Proceeds to fund tender offer for any and all of existing $400M 3.850% Senior Notes due 2026.
- Remaining proceeds for general corporate purposes, including repayment of credit facility borrowings.