Dream Finders Announces Proposed Senior Notes Offering

09/02/2025 – 08:22 AM

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Dream Finders Homes, Inc. (NYSE: DFH) is hitting the market with a proposed offering of up to $300 million in aggregate principal amount of unsecured senior notes due 2030 (the “2030 Notes”), sources familiar with the matter confirmed early this morning. The move comes as the homebuilder looks to optimize its capital structure amid a fluctuating interest rate environment.

The company stated it plans to use the proceeds from the 2030 Notes offering to pay down a portion of the outstanding borrowings under its existing revolving credit facility. Smart move, analysts suggest, as reducing reliance on variable-rate debt can provide greater financial flexibility in the face of potential rate hikes, furthermore, the plan includes using the funds for general corporate purposes.

These 2030 Notes will initially be guaranteed on a senior unsecured basis by each of Dream Finders Homes’ subsidiaries that currently act as guarantors under the Credit Agreement, adding a layer of security that could attract investors seeking stability amid market uncertainty.

Sources close to the deal emphasize that the offering’s success hinges on market conditions and other dynamic factors. While there’s enthusiasm surrounding Dream Finders Homes’ growth trajectory, potential investors will undoubtedly scrutinize prevailing economic headwinds and sector-specific risks. As with any debt offering, there’s no guarantee it will be completed, or what the final terms may look like. The company has indicated that the 2030 Notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.

About Dream Finders Homes, Inc.

Dream Finders Homes, headquartered in Jacksonville, Florida, has been making waves as a rapidly expanding homebuilder. Operating across the Southeast, Mid-Atlantic, and Midwest regions, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metro area (encompassing Northern Virginia and Maryland), Dream Finders Homes is rapidly becoming a national player. Further solidifying their position, Dream Finders Homes provides mortgage financing as well as title agency and underwriting services to homebuyers, leveraging an asset-light homebuilding model.

Forward Looking Statements

This communication contains certain “forward-looking statements” within the meaning of the federal securities laws. These statements include, but are not limited to, statements concerning expectations, plans, and objectives regarding the offering of the 2030 Notes, anticipated use of proceeds, the expected timing of such offering, and the company’s ability to complete such transactions. These forward-looking statements are subject to the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated in these statements. Forward-looking statements are inherently subject to risks and uncertainties that are often difficult predict or quantify.

Investors are cautioned that these forward-looking statements are subject to various risks and uncertainties, many of which are beyond the company’s control. These risks include, but are not limited to, those described herein, as well as those discussed from time to time in the company’s reports and other public filings with the Securities and Exchange Commission (the “SEC”), including the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statement except as may be required by applicable law.