---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000556"
form_type: "8-K"
ticker: null
cik: "0001721386"
company_name: "Landsea Homes Corp"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:40:37.626491+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Landsea Homes closes Antares acquisition for $185M cash; issues $300M 8.875% Senior Notes due 2029

## Summary
- Acquired Antares Homes for total consideration of approx. $242.5M, including $185M cash purchase price and $43.2M debt repayment.
- Adds 2,254 owned or controlled lots and expands DFW footprint to 13 cities in Texas.
- Issued $300M in 8.875% Senior Notes due 2029; interest paid semi-annually, callable at make-whole premium prior to April 2026.
- Notes are senior unsecured, ranking pari passu with existing unsecured debt; covenants limit additional debt and dividends.
- CEO John Ho states acquisition continues goal toward becoming one of Texas' top homebuilders.

## SEC filing metadata
- accession: 0001731122-24-000556
- form_type: 8-K
- cik: 0001721386
- company_name: Landsea Homes Corp
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/e5541_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000556
- JSON: https://secwatch.observer/filing/0001731122-24-000556.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000556.txt

## Key facts
- Debt Financings
  Landsea Homes Corp incurred senior notes of $300.0 million with U.S. Bank Trust Company, National Association at 8.875% maturing April 1, 2029.
  - Instrument: senior notes
  - Principal: $300.0 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 8.875%
  - Maturity: April 1, 2029
  - Event: incurrence
  source text: Landsea Homes Corporation, a Delaware corporation (the “ Company ”), completed the sale to certain purchasers (the “ Offering ”) of $300.0 million in aggregate principal amount of 8.875% Senior Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm
- M&A Transactions
  Landsea Homes Corp completed an acquisition involving Antares Acquisition, LLC for $185.0 million (closed 2024-04-01).
  - Action: acquisition
  - Counterparty: Antares Acquisition, LLC
  - Consideration: $185.0 million
  - Closing: 2024-04-01
  source text: the Company, Antares, and the individuals and entities identified in the Purchase Agreement as sellers (collectively, the “ Sellers ”), for an aggregate cash purchase price of $185.0 million, subject to certain adjustments as further described in the Purchase Agreement, as amended. The foregoing description of the Purchase Agreement is not complete and is qualified
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm
- Material Agreements
  Landsea Homes Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $300.0 million (effective 2024-04-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $300.0 million
  - Effective: 2024-04-01
  source text: On April 1, 2024, Landsea Homes Corporation, a Delaware corporation (the “ Company ”), completed the sale to certain purchasers (the “ Offering ”) of $300.0 million in aggregate principal amount of 8.875% Senior Notes due 2029 (the “ Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.