Ashton Woods eyes new notes to fund tender for 6 7/8% notes

By Paul A. Harris

Portland, Ore., July 24 – Ashton Woods USA LLC and Ashton Woods Finance Co. announced on Monday that they intend to sell new notes in conjunction with a tender offer for up to $100 million of their 6 7/8% senior notes due 2021.

J.P. Morgan Securities LLC is the dealer manager for the tender.

The early settlement commitment date is Aug. 4.

Atlanta-based Ashton Woods is a luxury home builder.

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