Lennar to redeem $425M of 5.875% Senior Notes due 2024 on Aug 30, 2023

LENNAR CORP /NEW/

Lennar redeems all $421.4M of its own 5.875% notes and $3.6M of Standard Pacific notes due 2024.
Redemption date is August 30, 2023; original maturity was November 15, 2024.
Redemption price is greater of 100% of principal or Treasury rate plus 50 bps, plus accrued interest.
This optional redemption eliminates $425 million in debt ahead of scheduled maturity.

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