Century Communities Announces Launch of Private Offering of $500 Million of Senior Notes due 2033 and Conditional Redemption of 6.750% Senior Notes due 2027
Century Communities (NYSE: CCS), a leading national homebuilder, has announced a private offering of $500 million Senior Notes due 2033. The notes will be offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
The company plans to use the net proceeds, along with cash on hand, to redeem all of its outstanding 6.750% Senior Notes due 2027, also totaling $500 million. The redemption is scheduled for October 3, 2025, at a redemption price of 100.0% of the principal amount plus accrued and unpaid interest. The redemption is contingent upon the successful completion of the new notes offering.
Century Communities (NYSE: CCS), importante costruttore residenziale a livello nazionale, ha annunciato un'offerta privata di Senior Notes da 500 milioni di dollari con scadenza 2033. Le note saranno offerte a investitori istituzionali qualificati ai sensi della Rule 144A e a soggetti non statunitensi ai sensi del Regulation S del Securities Act.
L'azienda utilizzerà il ricavato netto, insieme alla liquidità disponibile, per rimborsare integralmente i suoi Senior Notes 6,750% in scadenza 2027, anch'essi per un totale di 500 milioni di dollari. Il rimborso è previsto per il 3 ottobre 2025, a un prezzo di rimborso pari al 100,0% del capitale più gli interessi maturati e non pagati, ed è subordinato al buon esito dell'offerta delle nuove note.
Century Communities (NYSE: CCS), un destacado promotor inmobiliario nacional, ha anunciado una oferta privada de bonos senior por 500 millones de dólares con vencimiento en 2033. Los bonos se ofrecerán a compradores institucionales cualificados conforme a la Rule 144A y a personas no residentes en EE. UU. conforme al Regulation S del Securities Act.
La compañía planea utilizar los ingresos netos, junto con efectivo disponible, para redimir la totalidad de sus Senior Notes 6,750% con vencimiento 2027, también por 500 millones de dólares. La redención está programada para el 3 de octubre de 2025, al precio de redención del 100,0% del principal más los intereses devengados y no pagados, y depende del éxito de la oferta de las nuevas notas.
Century Communities (NYSE: CCS)는 전국적인 주택 건설업체로서 만기 2033년, 5억 달러 규모의 시니어 채권 사모 발행을 발표했습니다. 해당 채권은 규칙 144A에 따른 적격 기관 투자자와 증권법의 Regulation S에 따른 비미국인에게 제공됩니다.
회사는 순수익금과 보유 현금을 합해 2027년 만기, 연 6.750% 시니어 채권 전액(합계 5억 달러)을 상환할 계획입니다. 상환일은 2025년 10월 3일로, 원금의 100.0%와 미지급 누적 이자를 더한 금액으로 상환됩니다. 이 상환은 새로운 채권 발행이 성공적으로 완료되는 것을 조건으로 합니다.
Century Communities (NYSE: CCS), promoteur résidentiel national de premier plan, a annoncé une offre privée d'obligations Senior de 500 millions de dollars arrivant à échéance en 2033. Les obligations seront proposées aux acheteurs institutionnels qualifiés visés par la Rule 144A et aux personnes non américaines au titre du Regulation S du Securities Act.
La société prévoit d'utiliser le produit net, ainsi que ses liquidités, pour rembourser la totalité de ses Senior Notes 6,750% arrivant à échéance en 2027, également pour un montant total de 500 millions de dollars. Le remboursement est prévu le 3 octobre 2025, au prix de remboursement de 100,0% du principal plus les intérêts courus et non payés, et est conditionné à la réalisation avec succès de la nouvelle émission d'obligations.
Century Communities (NYSE: CCS), ein führender nationaler Wohnungsbauer, hat eine Private Placement von Senior Notes über 500 Millionen US-Dollar mit Fälligkeit 2033 angekündigt. Die Schuldverschreibungen werden nach Rule 144A qualifizierten institutionellen Käufern und nach Regulation S des Securities Act nicht-US-Personen angeboten.
Das Unternehmen beabsichtigt, die Nettoerlöse zusammen mit vorhandenen liquiden Mitteln zu verwenden, um alle ausstehenden 6,750% Senior Notes mit Fälligkeit 2027 in Höhe von ebenfalls 500 Millionen US-Dollar zurückzuzahlen. Die Rückzahlung ist für den 3. Oktober 2025 geplant und erfolgt zum Rückzahlungspreis von 100,0% des Nennbetrags zuzüglich aufgelaufener, nicht gezahlter Zinsen. Die Rückzahlung steht unter dem Vorbehalt des erfolgreichen Abschlusses des neuen Anleiheangebots.
- Refinancing of existing debt indicates strong market access and financial flexibility
- Potential for improved interest expense management through new debt issuance
- Extension of debt maturity profile from 2027 to 2033
- Additional transaction costs associated with the refinancing
- Increased debt duration may expose company to longer-term interest rate risks
Insights
Century Communities is refinancing $500M in debt, potentially improving its capital structure by replacing 2027 notes with 2033 notes.
Century Communities has launched a private offering of
The new notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, with guarantees from most of Century's domestic wholly-owned subsidiaries. The company has issued a conditional redemption notice for the 2027 notes at
This transaction appears to be a prudent capital management move as Century Communities is likely taking advantage of current market conditions to optimize its debt structure. By extending maturities from 2027 to 2033, the company is reducing near-term refinancing pressure and creating a longer runway for its capital structure. The fact that Century can redeem the 2027 notes at par value (
The terms and timing of pricing of the Notes are subject to market conditions and other factors. The Notes are expected to be guaranteed on an unsecured senior basis by certain of the Company's current and future subsidiaries, including substantially all of its domestic wholly-owned subsidiaries.
The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem (the "Redemption") all
The offer and sale of the Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold in
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any other security, and shall not constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum.
The Company also announced today that it has delivered a conditional notice of redemption (the "Redemption Notice") calling for the redemption, on October 3, 2025 (the "Redemption Date"), of all of the outstanding 2027 Senior Notes at a redemption price equal to
The Redemption of the 2027 Senior Notes is being made solely pursuant to the Redemption Notice, and this press release does not constitute an offer to purchase or redeem, or a solicitation of an offer to sell, the 2027 Senior Notes.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and one of the World's Most Trustworthy Companies (2025). Century Communities has also been designated as one of
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, and such statements should not be interpreted to be guarantees of future performance or results. Forward-looking statements are based on our current beliefs or expectations with respect to future events, and are subject to assumptions and unknown risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the beliefs or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements in this press release include statements relating to, among other things, statements about the intended use of proceeds or other aspects of the Offering of the Notes and the Redemption of the 2027 Senior Notes. The following factors, among others, could cause actual results to differ materially from those expressed in the forward-looking statements: adverse changes in general economic conditions, including increased interest rates and inflation, the potential impact of tariffs and increased costs, availability and cost of financing, and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.
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SOURCE Century Communities, Inc.
FAQ
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