Century Communities $500 million senior notes offering and concurrent redemption
Davis Polk advised the representative of the initial purchasers in connection with the Rule 144A and Regulation S offering by Century Communities, Inc. of $500 million aggregate principal amount of its 3.875% senior notes due 2029. A portion of the net proceeds from the offering was used in connection with the company’s concurrent redemption of all of its $400 million aggregate principal amount of existing 5.875% senior notes due 2025.
Century engages in the development, design, construction, marketing and sale of single-family attached and detached homes in seventeen states.
The Davis Polk capital markets team included partner Michael Kaplan and associates Rahul K. Patel and Jordyn Giannone. Partner Po Sit and associate Ben Levenback provided tax advice. All members of the Davis Polk team are based in the New York office.