Ashton Woods tenders for $100 million of 6 7/8% notes due 2021

New York, July 24 – Ashton Woods USA LLC and Ashton Woods Finance Co. announced a tender offer for up to $100 million of their outstanding 6 7/8% senior notes due 2021.

The companies are offering $1,038.20 per $1,000 principal amount for notes tendered by the early deadline of 5 p.m. ET on Aug. 4, according to a news release.

Included in the total is an early tender premium of $30.00 per $1,000 that will only be paid to those who tender by the early deadline.

The tender ends at 12 a.m. ET on Aug. 19.

Ashton Woods will also pay accrued interest up to but excluding the settlement date.

Settlement is planned for Aug. 8 for early tenders and promptly after the final deadline for other tenders.

The tender is contingent on completion of an offering of new notes and other conditions.

J.P. Morgan Securities LLC (866 834-4666 or 212 834-4811) is dealer manager. D.F. King & Co., Inc. (212 269-5550 or 800 620-9554) is tender agent and information agent.

Ashton Woods is an Atlanta-based homebuilder.

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