Lennar Completes $1.2 Billion Senior Notes Offering

December 6, 2017

Willkie represents longtime client Lennar Corporation, one of the nation’s largest homebuilders, in its latest bond offering.

On November 29, Willkie client Lennar Corporation, one of the nation’s largest homebuilders, closed its offering of $300 million of 2.95% Senior Notes due 2020 and $900 million of 4.75% Senior Notes due 2027. The offering was announced and priced on November 14, 2017. The company plans to use the proceeds from the offering to finance, in part, its pending merger with CalAtlantic Group.

Miami-based Lennar (NYSE: LEN) constructs affordable, move-up and retirement homes. Earlier in 2017, Willkie advised Lennar on a $650 million offering and a $600 million offering of senior notes.

The current transaction was handled by partner David Boston and associates Howard Block and Caleb Vesey, Caroline Dreyspool and Benjamin Figoten.