LGI Homes Announces Pricing of $300 Million of Unsecured Senior Notes due 2029
The Notes will be initially guaranteed, jointly and severally, on a senior unsecured basis by the Companys subsidiaries that guarantee the Companys obligations under its revolving credit facility.
- The Notes will be initially guaranteed, jointly and severally, on a senior unsecured basis by the Companys subsidiaries that guarantee the Companys obligations under its revolving credit facility.
- The sale of the Notes is expected to be completed on June 28, 2021, subject to customary closing conditions.
- The Company intends to use the net proceeds from the Offering, plus cash on hand, to fund the previously announced redemption of all of the Companys outstanding 6.875% Senior Notes due 2026 (the 2026 Senior Notes).
- As of the date of this press release, $300 million aggregate principal amount of the 2026 Senior Notes are outstanding.