debt
confidence high
sentiment neutral
materiality 0.60
LGI Homes prices $400M of 7.000% Senior Notes due 2032 to repay revolver
LGI Homes, Inc.
- Issued $400M aggregate principal amount of 7.000% Senior Notes due 2032.
- Notes will be guaranteed on a senior unsecured basis by subsidiary guarantors.
- Closing expected November 15, 2024, subject to customary conditions.
- Net proceeds to repay outstanding borrowings under revolving credit facility.
- Offered in private placement under Rule 144A and Regulation S.