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.