Landsea Homes Prices $300 Million Private Offering of Senior Notes-March 2024-www.financetom.com

Landsea Homes Prices $300 Million Private Offering of Senior Notes

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Landsea Homes Prices $300 Million Private Offering of Senior Notes

Mar 19, 2024 2:40 PM

05:18 PM EDT, 03/19/2024 (MT Newswires) -- Landsea Homes ( LSEA ) said Tuesday it priced a $300 million private offering of 8.875% senior notes due 2029.

Net proceeds from the offering will be used to repay a portion of outstanding revolving loans, the company added.

Landsea expects to close the offering on or around April 1.

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