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WCI Communities to sell $50 million more 6 7/8% notes due 2021 Monday
By Paul A. Harris
Portland, Ore., June 23 – WCI Communities, Inc. plans to price a $50 million add-on to its 6 7/8% senior notes due Aug. 15, 2021 on Monday, according to a syndicate source.
Citigroup Global Markets Inc. is the bookrunner for the Rule 144A and Regulation S with registration rights deal.
The notes become callable after Aug. 15, 2016 at 105.156.
The Bonita Springs, Fla.-based real estate developer and homebuilder plans to use the proceeds for general corporate purposes, including the acquisition and development of land.
The original $200 million issue priced at par in August 2013.
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