Lennar bought back $74.4 million 5 1/8% notes, $1 million 5.95% notes during 2010 first half

By Jennifer Chiou

New York, July 9 - Lennar Corp. made repurchases of $74.4 million of its 5 1/8% senior notes due 2010 and $1 million of its 5.95% senior notes due 2011 during the six months ended May 31, according to a 10-Q filed with the Securities and Exchange Commission.

This was in addition to the tender offer involving three of its senior notes series. In the tender offer that began on April 27, the company purchased $289.4 million total of the notes series.

The tendered notes included $130.76 million of the 5.95% notes due 2011, $82.28 million of the 5.95% senior notes due 2013 and $76.36 million of the 5 1/8% notes.

Also during the same period, the company retired $98.3 million of mortgage notes.

Lennar is a Miami-based homebuilder and provider of financial services.

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