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Prospect News home > News index > List of issuers W > Headlines for William Lyon Homes Inc. > News item |
S&P assigns B+ to William Lyon Homes notes
S&P said it assigned its B+ issue-level rating and 2 recovery rating to William Lyon Homes Inc.'s proposed $300 million senior unsecured notes due 2027.
The 2 recovery rating indicates an expectation for substantial (70%-90%; rounded estimate: 70%) recovery in the event of a payment default.
S&P said it expects the company to use proceeds from the issuance to repay a portion of its $350 million of outstanding 7% senior unsecured notes due August 2022.
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