---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-201489"
form_type: "8-K"
ticker: "MRP"
cik: "0002017206"
company_name: "Millrose Properties, Inc."
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:47:20.209295+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Millrose Properties issues $750M of 6.250% Senior Notes due 2032; repays DDTL Credit Agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-201489
- form_type: 8-K
- ticker: MRP
- cik: 0002017206
- company_name: Millrose Properties, Inc.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2017206/000119312525201489/0001193125-25-201489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2017206/000119312525201489/d44587d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-201489
- JSON: https://secwatch.observer/filing/0001193125-25-201489.json
- Plain text: https://secwatch.observer/filing/0001193125-25-201489.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2017206/000119312525201489/0001193125-25-201489-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.