New Home to repay revolver borrowings via $250 million note issue

By Tali Rackner

Norfolk, Va., March 6 – New Home Co. Inc. plans to repay all borrowings outstanding under its senior unsecured revolving credit facility using the net proceeds from a new $250 million senior note offering, according to a press release.

Proceeds from the notes, which mature in 2022, will also be used for general corporate purposes.

The company is a homebuilder based in Aliso Viejo, Calif.

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