LGI Homes Starts $400 Million Private Offering of Notes

MT Newswires Live11-12

LGI Homes (LGIH) started a private offering of $400 million of unsecured senior notes due 2032.

The timing of the pricing and terms are subject to market conditions, the company said Tuesday in a statement.

Net proceeds will be used to repay part of outstanding borrowings under a revolving credit facility, LGI said.

The company's shares fell 2% in recent trading Tuesday.

Price: 106.13, Change: -2.19, Percent Change: -2.02

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