Landsea Homes commences private offering of senior notes

Landsea Homes intends to offer $300,000,000 aggregate principal amount of senior notes due 2029. subject to market conditions and other factors. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by all of the Company’s material wholly owned subsidiaries as of their issuance and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors. The Company intends to use the net proceeds from the sale of the Notes to pay down a portion of the outstanding borrowings under its revolving credit facility.