Millrose Properties, Inc. (MRP): debt financing — Millrose Properties closes $1.25B offering of 6.375% Senior Notes due 2030

Millrose Properties, Inc.

Issued $1.25B aggregate principal of 6.375% Senior Notes due August 1, 2030.
Interest payable semi-annually on Feb 15 and Aug 15, beginning Feb 15, 2026.
Notes are senior unsecured obligations, guaranteed by subsidiary Millrose Properties SPE LLC.
Redemption options: on/after Aug 1, 2027 at specified prices; prior with make-whole premium.
Change of control triggers repurchase offer at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Millrose Properties, Inc. incurred senior notes of $1.25 billion aggregate principal amount with Citibank, N.A. at 6.375% per annum maturing August 1, 2030.

Instrument: senior notes
Principal: $1.25 billion aggregate principal amount
Counterparty: Citibank, N.A.
Rate: 6.375% per annum
Maturity: August 1, 2030
Event: incurrence

Exact text from the filing

On August 7, 2025, Millrose Properties, Inc. (“Millrose” or the “Company”) completed the offer and sale (the “Offering”) of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the “Notes”).

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Millrose Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-176999

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