Millrose Properties, Inc. (MRP): debt financing — Millrose Properties issues $750M of 6.250% Senior Notes due 2032; repays DDTL Credit Agreement

Millrose Properties, Inc.

Issued $750M aggregate principal of 6.250% Senior Notes due September 15, 2032.
Interest payable semi-annually on March 15 and September 15, first payment March 15, 2026.
Notes are senior unsecured, guaranteed by wholly-owned subsidiary Millrose Properties SPE LLC.
Proceeds used to repay in full and terminate the DDTL Credit Agreement (dated June 24, 2025).
Indenture includes standard covenants and a change-of-control put at 101% of principal.

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 $750 million with Citibank, N.A. at 6.250% per annum maturing September 15, 2032.

Instrument: senior notes
Principal: $750 million
Counterparty: Citibank, N.A.
Rate: 6.250% per annum
Maturity: September 15, 2032
Event: incurrence

Exact text from the filing

On September 11, 2025, Millrose Properties, Inc. (“Millrose” or the “Company”) completed the offer and sale (the “Offering”) of $750 million aggregate principal amount of its 6.250% Senior Notes due 2032 (the “Notes”).

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Millrose Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-201489

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