William Lyon to pay down loan facility debt via equity unit proceeds

By Tali Rackner

Norfolk, Va., Nov. 17 – William Lyon Homes plans to pay down outstanding debt under its $120 million unsecured loan facility with the proceeds from a tangible equity unit offering, according to a press release.

The facility was borrowed to pay a portion of the purchase price for the company’s acquisition of Polygon Northwest Homes.

William Lyon Homes is a Newport Beach, Calif.-based homebuilder.

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