Davis Polk advised the representative of the initial purchasers in connection with the Rule 144A and Regulation S offering by Century Communities, Inc. of $400 million aggregate principal amount of its 5.875% senior notes due 2025. The notes are guaranteed by certain of Century’s subsidiaries. Century intends to use the net proceeds from this offering to repay outstanding amounts under its revolving credit facility and for general corporate purposes, including its pending merger with UCP, Inc.

Century engages in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado; Austin and San Antonio, Texas; Houston, Texas; Las Vegas, Nevada; Atlanta, Georgia; and Salt Lake City, Utah.

The Davis Polk capital markets team included partner Michael Kaplan and associates Ravi P. Ramchandani, Nara Lee and Leigh Katz. Partner Rachel D. Kleinberg provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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