WCI Communities intends to start roadshow Monday for $200 million eight-year senior notes

By Paul A. Harris

Portland, Ore., July 26 - WCI Communities, Inc. plans to start a roadshow on Monday for a $200 million offering of eight-year senior notes (B3/B), according to an informed source.

The roadshow wraps up on Wednesday.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

The notes come with three years of call protection.

The Bonita Springs, Fla.-based real estate developer and homebuilder plans to use the proceeds to prepay its senior secured term notes due 2017 at 101 plus accrued and unpaid interest and for general corporate purposes, including the acquisition and development of land and home construction.

© 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.