Firm Represents Underwriters in Lennar’s $400 Million Notes Offering

February 21, 2014

Willkie assists the underwriters led by Joint Book-Running Managers Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, among others.

Homebuilder Lennar Corporation recently announced an underwritten public offering of $400 million of 4.50% Senior Notes due June 2019.  Willkie represented the underwriters led by Joint Book-Running Managers Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp. and UBS Securities LLC in the offering. Miami-based Lennar, one of the nation’s largest homebuilders, constructs affordable, move-up and retirement homes.  Lennar's financial services segment provides mortgage financing, title insurance and closing services for both buyers of the company's homes and others.

The deal was handled by partners David Boston, Laura Delanoy and Leslie Mazza; of counsel Martin Miller and associates Theodore Neos and Andrew Prodromos.