Lennar issues $600M in senior notes due 2029 and 2032

Rhea-AI Filing Summary

Filing Explained

FAQ

Filing Exhibits & Attachments

Q: How much debt did LEN issue?

Q: What are the interest rates and maturities of LEN’s new notes?

8-K Event Classification

Key Figures

Key Terms

How much debt did LEN issue?

What are the interest rates and maturities of LEN’s new notes?

How does LEN plan to use the proceeds from the notes?

Lennar issued $300 million aggregate principal amount of 2029 Notes and $300 million aggregate principal amount of 2032 Notes.

The notes are 5.700% Senior Notes due 2029 and 5.950% Senior Notes due 2032.

The notes are guaranteed by certain direct or indirect wholly owned subsidiaries, and Lennar intends to use net proceeds for general corporate purposes.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Lennar Corporation (LEN) settled an offering on October 15, 2026, issuing $300 million aggregate principal amount of 5.700% Senior Notes due 2029 and $300 million aggregate principal amount of 5.950% Senior Notes due 2032. Certain direct or indirect wholly owned subsidiaries guarantee the notes.

Lennar intends to use the net proceeds for general corporate purposes. The notes were issued under supplemental indentures to the company’s December 31, 1997 indenture, and the offering was registered under the company’s Form S-3 registration statement.

The completed issuance creates fixed-rate debt obligations, not common-share dilution: Lennar issued the two notes, and specified subsidiaries guarantee them, leaving the company with interest and principal to pay under the notes.

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

2029 Notes principal amount: $300 million aggregate principal amount 2029 Notes interest rate: 5.700% 2029 Notes maturity: 2029 +3 more

6 metrics

2029 Notes principal amount $300 million aggregate principal amount 5.700% Senior Notes due 2029

2029 Notes interest rate 5.700% Senior Notes due 2029

2029 Notes maturity 2029 5.700% Senior Notes

2032 Notes principal amount $300 million aggregate principal amount 5.950% Senior Notes due 2032

2032 Notes interest rate 5.950% Senior Notes due 2032

2032 Notes maturity 2032 5.950% Senior Notes

Senior Notes, Guarantors, Supplemental Indenture, net proceeds

4 terms

Senior Notes financial

"5.700% Senior Notes due 2029"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

Guarantors financial

"The Notes are guaranteed by certain direct or indirect wholly owned subsidiaries"

Supplemental Indenture financial

"Sixteenth Supplemental Indenture"

A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.

net proceeds financial

"use the net proceeds of the Notes offering"

The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Lennar issued $300 million aggregate principal amount of 2029 Notes and $300 million aggregate principal amount of 2032 Notes.

The notes are 5.700% Senior Notes due 2029 and 5.950% Senior Notes due 2032.

Lennar intends to use the net proceeds of the notes offering for general corporate purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/15/2026 - 04:21 PM EDT Accepted by SEC EDGAR 10/15/2026 - 04:20 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

October 15, 2026

Date of Report (Date of earliest event reported)

LENNAR CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-11749

95-4337490

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5505 Waterford District Drive, Miami, Florida 33126

(Address of principal executive offices) (Zip Code)

(305) 559-4000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $.10	LEN	New York Stock Exchange
Class B Common Stock, par value $.10	LEN.B	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On October 15, 2026, Lennar Corporation (the “Company”) settled its offering of (i) $300 million aggregate principal amount of the Company’s 5.700% Senior Notes due 2029 (the “2029 Notes”) and (ii) $300 million aggregate principal amount of the Company’s 5.950% Senior Notes due 2032 (the “2032 Notes” and together with the 2029 Notes, the “Notes”). The Notes are guaranteed by certain direct or indirect wholly owned subsidiaries of the Company (the “Guarantors”) listed on Schedule II of the underwriting agreement (the “Underwriting Agreement”) dated as of October 13, 2026 among the Company, the Guarantors and BBVA Securities Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell the Notes. The Company intends to use the net proceeds of the Notes offering for general corporate purposes.

The Notes were issued pursuant to the terms of an Indenture, dated as of December 31, 1997, as supplemented by the Sixteenth Supplemental Indenture, dated as of October 15, 2026 (the “Sixteenth Supplemental Indenture”) and the Seventeenth Supplemental Indenture, dated as of October 15, 2026 (the “Seventeenth Supplemental Indenture”), in each case, among the Company, the Guarantors and The Bank of New York Mellon, as trustee. The offering has been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Company’s registration statement on Form S-3, File No. 333-294985 filed with the U.S. Securities and Exchange Commission (the “SEC”).

The relevant terms of the Notes, the Sixteenth Supplemental Indenture and the Seventeenth Supplemental Indenture are further described under the caption “Description of Notes” in the prospectus supplement dated as of October 13, 2026, filed with the SEC by the Company on October 14, 2026. Such description is incorporated in this Item 8.01 by reference. The Sixteenth Supplemental Indenture and the Seventeenth Supplemental Indenture (in each case, including the form of the Notes and the guarantees) are filed as Exhibits 4.1-4.6 to this Current Report on Form 8-K and incorporated herein by reference. The description of the Notes, the Sixteenth Supplemental Indenture and the Seventeenth Supplemental Indenture in this Current Report on Form 8-K is a summary and is qualified in its entirety by the terms of the Sixteenth Supplemental Indenture and the Seventeenth Supplemental Indenture, as applicable (in each case, including the form of the Notes).

The opinion of Cleary Gottlieb Steen & Hamilton LLP, relating to the validity of the Notes and the guarantees offered and sold pursuant to the Underwriting Agreement, is filed herewith as Exhibit 5.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this Current Report on Form 8-K.


Exhibit No.		Description of Document

1.1		Underwriting Agreement, dated as of October 13, 2026, among the Company, the Guarantors and BBVA Securities Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as representatives of the several underwriters named therein.

4.1		Sixteenth Supplemental Indenture, dated as of October 15, 2026, among the Company, the Guarantors and The Bank of New York Mellon, as trustee.

4.2		Form of Global Note for the 2029 Notes (included in Exhibit 4.1).

4.3		Form of Guarantee for the 2029 Notes (included in Exhibit 4.1).

4.4		Seventeenth Supplemental Indenture, dated as of October 15, 2026, among the Company, the Guarantors and The Bank of New York Mellon, as trustee.

4.5		Form of Global Note for the 2032 Notes (included in Exhibit 4.4).

4.6		Form of Guarantee for the 2032 Notes (included in Exhibit 4.4).

5.1		Opinion of Cleary Gottlieb Steen & Hamilton LLP.

104		Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Source: View Original Filing on SEC EDGAR

Date: October 15, 2026

Lennar Corporation

/s/ Diane Bessette

Diane Bessette

Vice President and Chief Financial Officer

8 documents