debt
confidence high
sentiment neutral
materiality 0.70
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.
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