Century Communities to launch tender offer for 6 7/8% notes due 2022

By Marisa Wong

Morgantown, W.Va., May 9 – Century Communities, Inc. will begin a cash tender offer for any and all of its $385 million of outstanding 6 7/8% senior notes due 2022.

The company plans to use proceeds from an offering of new senior notes due 2027 to fund the tender offer, according to a news release.

The company intends to redeem any remaining notes not tendered in the tender offer, also using proceeds from the new notes.

Century Communities is a homebuilder based in Greenwood Village, Colo.

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