Private Offering
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Millrose Properties Prices $750 Million Senior Notes Offering
On September 8, 2025, Millrose Properties, Inc. announced the pricing of a $750 million private offering of 6.25% Senior Notes due 2032, an upsize of $250 million. Proceeds will repay a $500 million term loan and be used for general corporate purposes. The offering, expected to close September 11, 2025, is targeted at qualified institutional buyers and non-U.S. persons, as the notes are not registered under the Securities Act. The 6.25% coupon reflects market conditions and investor confidence in Millrose’s strategy of developing residential land for home builders.
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Century Communities Prices $500 Million Senior Notes Offering Due 2033
Century Communities (NYSE: CCS) announced a $500 million private offering of 6.625% Senior Notes due 2033. Net proceeds, estimated at $494 million, will be used with cash reserves to redeem existing 6.750% Senior Notes due 2027. The offering, expected to close September 17, 2025, targets qualified institutional buyers and non-U.S. individuals. This refinancing aims to optimize the company’s debt structure. The notes and related guarantees are not registered under the Securities Act of 1933.
