William Lyon Homes to repay revolver borrowings via note proceeds

By Marisa Wong

Morgantown, W.Va., Sept. 10 – William Lyon Homes said it intends to pay down a portion of the outstanding borrowings under its revolving credit facility using proceeds from a tack-on offering of senior notes, according to an 8-K filing with the Securities and Exchange Commission.

The company announced on Thursday that it plans to offer $50 million of 7% notes due 2020.

The homebuilder is based in Newport Beach, Calif.

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