Century Communities $500 million senior notes offering and concurrent redemption
The high-yield notes are due 2033
Davis Polk advised the representative of the initial purchasers in connection with the Rule 144A / Regulation S offering by Century Communities, Inc. of $500 million aggregate principal amount of its 6.625% senior notes due 2033. The net proceeds from the offering will be used in connection with the company’s concurrent redemption of all of its $500 million aggregate principal amount of existing 6.750% senior notes due 2027.
Century engages in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states.
The Davis Polk capital markets team included partner Michael Kaplan, counsel John H. Runne and associates Matt Weaver, David Giordano and Erica F. Buonanno. Partner Lucy W. Farr and associate Isaiah B. Kramer provided tax advice. Counsel Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York, São Paulo and Northern California offices.