Millrose announces $1.0B senior notes offering to refinance existing debt

Millrose Properties, Inc.

Plans $1.0B senior notes due 2030 in private placement; net proceeds to repay $500M term loan due 2026 and $450M revolver.
DDTL credit agreement amended to partially exempt a Designated Issuance from mandatory prepayment, keeping up to $500M outstanding.
Funding fee added: 0.250% of principal on date 270 days after initial draw (June 24, 2025).
Subsidiary Millrose Properties SPE joined as guarantor on revolving credit and DDTL agreements.

item 1.01item 2.03item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.