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DSLD Homes begins roadshow for $250 million five-year senior notes
By Paul A. Harris
Portland, Ore., Jan. 29 – STL Holding Co., LLC, doing business as DSLD Homes, plans to price a $250 million offering of five-year senior notes (B1/B/BB-) during the Jan. 29 week, according to market sources.
The Rule 144A and Regulation S notes come with two years of call protection.
BNP Paribas Securities Corp. is the lead.
The homebuilder plans to use the proceeds to redeem its 7½% notes due 2026 and to pay down its revolving credit facility.
The company operates in northwest Florida, Alabama, Mississippi and east Texas.
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