Lennar enters $1.61B delayed draw term loan and issues $700M of 5.200% Senior Notes due 2030

LENNAR CORP /NEW/

Delayed draw term loan of up to $1.61B with $500M accordion feature; proceeds for working capital and general corporate purposes.
Settled offering of $700M of 5.200% Senior Notes due 2030 on May 19, 2025; net proceeds for general corporate purposes including debt repayment.
Credit facility lenders include Truist, JPMorgan, BBVA, BofA, Goldman Sachs, Wells Fargo; notes underwritten by multiple banks.
Certain homebuilding subsidiaries guarantee the term loan; notes guaranteed by certain subsidiaries.

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