Century Communities satisfies redemption condition for 5 7/8% notes

Chicago, Aug. 30 – Century Communities, Inc. had issued a notice of redemption that was conditioned on the completion of a new notes offering, a condition that has now been satisfied, according to an 8-K filing with the Securities and Exchange Commission.

The company announced that the new notes condition has been satisfied with the closing of a new offering of $500 million of 3 7/8% senior notes due 2029 on Aug. 23.

As previously reported, the company will use the new offering to redeem all $400 million of its outstanding 5 7/8% senior notes due 2025 on Sept. 2 at 102.938 plus accrued interest to the redemption date.

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

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