Shea Homes announces $750 million two-part notes offering

By Paul A. Harris

Portland, Ore., March 9 – Shea Homes LP and Shea Homes Funding Corp. announced in a Monday press release that they plan to sell $750 million senior notes via Rule 144A and Regulation S.

The deal is coming in tranches of notes that mature in 2023 and 2025.

The Walnut, Calif.-based homebuilder plans to use the proceeds to fund the tender for the $750 million outstanding 8 5/8% senior secured notes due 2019.

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