Century Communities to repay revolving credit facility via new notes

By Tali Rackner

Minneapolis, May 8 – Century Communities, Inc. plans to repay all outstanding debt under its revolving credit facility using a portion of the net proceeds from a new $300 million senior note offering, according to a press release.

Proceeds will also be used for general corporate purposes, which may include working capital and acquisitions, including the company’s previously announced merger transaction with UCP, Inc.

Century Communities is a Greenwood Village, Colo.-based builder of upscale single-family homes, townhomes and flats.

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