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William Lyon Homes to repay bank debt with bond sale proceeds
By Paul A. Harris and Sara Rosenberg
New York, Nov. 15 - William Lyon Homes Inc. plans to repay bank debt using proceeds from its newly priced $150 million eight-year senior notes offering, according to an informed source.
The bonds priced Monday at par to yield 7 5/8%.
William Lyon Homes is a Newport Beach, Calif.-based company that designs, constructs and sells single-family homes in California, Arizona and Nevada.
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