04:21 AM EST, 03/06/2025 (MT Newswires) -- Forestar Group ( FOR ) said late Wednesday it has priced a private offering of $500 million of 6.5% senior unsecured notes due 2033.
The company said it plans to use the net proceeds to fund a tender offer for $400 million of its existing 3.85% senior notes due 2026 and for general corporate purposes.
The offering is expected to close on March 14.