LGI Homes Starts $400 Million Private Offering of Notes-February 2024-www.financetom.com

LGI Homes Starts $400 Million Private Offering of Notes

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LGI Homes Starts $400 Million Private Offering of Notes

Nov 12, 2024 11:00 AM

10:29 AM EST, 11/12/2024 (MT Newswires) -- LGI Homes ( LGIH ) started a private offering of $400 million of unsecured senior notes due 2032.

The timing of the pricing and terms are subject to market conditions, the company said Tuesday in a statement.

Net proceeds will be used to repay part of outstanding borrowings under a revolving credit facility, LGI said.

The company's shares fell 2% in recent trading Tuesday.

Price: 106.13, Change: -2.19, Percent Change: -2.02

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