Lennar Completes $350 Million Offering of Senior Notes

November 25, 2014

Firm assists the underwriters led by Joint Book-Running Managers J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., BMO Capital Markets Corp. and UBS Securities LLC. 

On November 25, homebuilder Lennar Corporation completed its underwritten public offering of $350 million of 4.50% Senior Notes due 2019.  Willkie represented the underwriters led by Joint Book-Running Managers  J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., 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, Leslie Mazza and Laura Delanoy and associates Ted Neos, Andrew Fedder and Ken Adler.