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New Home intends to conduct public sale of 3.5 million common shares
Citigroup, JPMorgan, Credit Suisse and Zelman Partners will assist
By Devika Patel
Knoxville, Tenn., Dec. 1 – New Home Co. Inc. said it will price a public offering of 3.5 million common shares with a 30-day over-allotment option of 525,000 additional shares.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the bookrunners. Zelman Partners LLC is the lead manager.
Proceeds will be used for working capital purposes, including land acquisitions, development activities and repayments on the company’s senior unsecured revolving credit facility, and other general corporate purposes.
The homebuilder is based in Aliso Viejo, Calif.
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