William Lyon eyeing $75 million tap of 8½% notes due 2020; pricing expected Monday

By Aleesia Forni

Virginia Beach, Oct. 21 - William Lyon Homes Inc. has scheduled a 10:30 a.m. ET investor call on Monday ahead of a planned $75 million add-on to its 8½% senior notes (B3/B-/) due Nov. 15, 2020, according to a market source.

The Rule 144A and Regulation S with registration rights notes are expected to price on Monday.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunners.

The notes become callable at 104.25 on Nov. 15, 2016.

The original $325 million issue priced at par on Nov. 5, 2012.

Proceeds will be used for general corporate purposes.

William Lyon is a Newport Beach, Calif.-based homebuilder.

© 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.