The high-yield notes are due 2030

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering by Dream Finders Homes, Inc. of $300 million aggregate principal amount of its 6.875% senior notes due 2030. The notes are senior unsecured obligations of Dream Finders Homes and are unconditionally guaranteed on a senior unsecured basis by all of the existing and future direct and indirect subsidiaries of Dream Finders Homes that guarantee its existing credit facility.

Dream Finders Homes is a homebuilder based in Jacksonville, Florida. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona and the Washington DC metropolitan area, which includes Northern Virginia and Maryland. Through its wholly owned subsidiaries, Dream Finders Homes also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders Homes achieves its industry leading growth and returns by maintaining an asset-light homebuilding model.

The Davis Polk capital markets team included partners Stephen A. Byeff and Michael Kaplan and associates Marquis J. Pullen and Kristiana J. Olson. The tax team included counsel Leslie J. Altus and associate Omar Hersi. The environmental team included counsel Loyti Cheng and Michael Comstock and associate Timothy J. Sullivan. All members of the Davis Polk team are based in the New York office.

Copy link to share post