04:34 AM EDT, 08/05/2025 (MT Newswires) -- Millrose Properties ( MRP ) said late Monday it priced a $1.25 billion private offering of 6.375% senior notes due 2030, $250 million higher than initially planned, at 100% of the principal amount.

The offering is expected to close Thursday, subject to customary conditions, the company said.

Millrose plans to use $500 million of the net proceeds to repay its term loan due 2026 and $450 million to reduce revolving credit borrowings, with the remainder for general corporate purposes, Millrose said.