Maracay Homes price talk 14% area on $25 million eight-year notes

By Paul A. Harris

St. Louis, Aug. 14 - Price talk of 14% area emerged Thursday on Maracay Homes Arizona I, LLC $25 million of seven-year non-call-three senior subordinated notes (non-rated), according to an informed source.

Terms on the Friedman Billings Ramsey-led Regulation D notes offering are expected to emerge by session's end on Monday, Aug. 18, according to the source.

Proceeds will be used to repay debt.

The prospective issuer is a homebuilder.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.