Landsea Homes to draw on revolver for Antares Homes acquisition

Chicago, Jan. 9 – Landsea Homes Corp. said that it will be using cash and drawing on an existing revolving credit facility to fund its acquisition of Antares Homes, according to a press release.

Landsea will pay $232.2 million in cash, which includes repayment of an anticipated $47.2 million of Antares debt.

The acquisition is expected to close in early February.

Landsea is a residential homebuilder based in Dallas. Antares is a Dallas/Forth Worth metropolitan builder.

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