MDC Holdings to redeem all $250 million 5 3/8% notes on Oct. 27

By Jennifer Chiou

New York, Sept. 26 – MDC Holdings, Inc. announced that it will redeem all $250 million of its outstanding 5 3/8% senior notes due July 2015 using available cash balances.

According to an 8-K filing with the Securities and Exchange Commission, the notes will be redeemed under the optional redemption provision at a redemption price that will include a premium based on the present value of the remaining scheduled payments plus accrued interest.

The redemption date is Oct. 27.

U.S. Bank NA is the trustee and paying agent.

The homebuilding and financial services company is based in Denver.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.