Century Communities Announces Pricing of Private Offering of $500 Million of Senior Notes due 2033

Rhea-AI Summary

Century Communities (NYSE:CCS), a leading national homebuilder, has announced the pricing of a $500 million private offering of Senior Notes due 2033. The notes will carry a 6.625% interest rate and will be sold at 100% of the principal amount.

The company expects to receive net proceeds of approximately $494 million after deducting fees and expenses. These funds, combined with cash on hand, will be used to redeem all outstanding 6.750% Senior Notes due 2027. The offering is expected to close on September 17, 2025, subject to customary conditions.

Positive

• Refinancing of debt with slightly lower interest rate (6.625% vs 6.750%)
• Extension of debt maturity from 2027 to 2033, improving long-term financial flexibility
• Strong institutional investor interest with 100% principal pricing

Negative

• Significant debt level maintained at $500 million
• Company will incur approximately $6 million in fees and expenses for the refinancing

GREENWOOD VILLAGE, Colo., Sept. 3, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced the pricing of its private offering (the "Offering") of $500 million aggregate principal amount of 6.625% Senior Notes due 2033 (the "Notes"). The Notes will bear interest at 6.625% and will 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 Notes will be sold to investors at a price of 100% of the principal amount thereof.

The Offering is expected to close on September 17, 2025, subject to customary closing conditions.

The Company expects the aggregate net proceeds of the Offering to be approximately $494 million after payment by the Company of the initial purchasers' discounts and other estimated fees and expenses. The Company intends to use the net proceeds from the Offering, plus cash on hand, to finance the aggregate redemption price to be paid in connection with the Company's previously announced redemption (the ''Redemption'') of all $500.0 million aggregate principal amount of its 6.750% Senior Notes due 2027 outstanding (the "2027 Senior Notes").

The offer and sale of the Notes and the related guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act. The Notes will be sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

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.

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 U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM^®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the United States, and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. 

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/century-communities-announces-pricing-of-private-offering-of-500-million-of-senior-notes-due-2033-302545839.html

SOURCE Century Communities, Inc.

FAQ

What is the size and interest rate of Century Communities' (CCS) new Senior Notes offering?

Century Communities is offering $500 million in Senior Notes due 2033 with an interest rate of 6.625%.

How will Century Communities (CCS) use the proceeds from the 2033 Senior Notes?

The proceeds of approximately $494 million, plus cash on hand, will be used to redeem all outstanding $500 million of 6.750% Senior Notes due 2027.

When will Century Communities' (CCS) new Senior Notes offering close?

The offering is expected to close on September 17, 2025, subject to customary closing conditions.

Who can purchase Century Communities' (CCS) new Senior Notes?

The Notes will be sold only to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.

What is the price of Century Communities' (CCS) new Senior Notes offering?

The Notes will be sold to investors at 100% of the principal amount.