secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001628280-23-026105
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828023026105/0001628280-23-026105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828023026105/len-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer