debt
confidence high
sentiment neutral
materiality 0.40
Lennar redeems $378.2M of 4.875% Senior Notes due 2023 on Nov 29, 2023
LENNAR CORP /NEW/
- All outstanding $378.2M principal of 4.875% Senior Notes due 2023 to be redeemed on Nov 29, 2023.
- Redemption price is 100% of principal plus accrued interest to but not including the redemption date.
- Notes were originally scheduled to mature on Dec 15, 2023; early redemption occurs about two weeks prior.
- Notice of redemption issued Oct 25, 2023 pursuant to Supplemental Indenture dated Nov 5, 2015.
- Holders must surrender notes to The Bank of New York Mellon to receive payment.