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William Lyon Homes buys back $156.3 million of notes in year to date
By Angela McDaniels
Tacoma, Wash., Nov. 16 - William Lyon Homes has repurchased $156.3 million principal amount of senior notes so far in 2009, according to its 10-Q report for the third quarter filed with the Securities and Exchange Commission.
These repurchases include $53.1 million of notes purchased for $14.9 million in a tender offer in June.
In the offer, $29.1 million of 7 5/8% senior notes due 2012, $2.4 million of 10¾% senior notes due 2013 and $21.7 million of 7½% senior notes due 2014 were purchased.
During the nine months ended Sept. 30, the company also purchased in privately negotiated transactions $5,926,000 of the 7 5/8 % notes for $1.04 million, $25,095,000 of the 10¾% notes for $8.7 million and $250,000 of the 7½% notes for $47,500.
At the end of the third quarter, $67,204,000 of the 7 5/8% notes, $168,108,000 of the 10¾% notes and $84,701,000 of the 7½% notes remained outstanding.
Since Sept. 30, the company has purchased, in a privately negotiated transaction, an additional $72,511,000 principal amount of senior notes.
William Lyon Homes is a homebuilder based in Newport Beach, Calif.
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