William Lyon Homes to repay bank debt with bond sale proceeds

By Paul A. Harris and Sara Rosenberg

New York, Nov. 15 - William Lyon Homes Inc. plans to repay bank debt using proceeds from its newly priced $150 million eight-year senior notes offering, according to an informed source.

The bonds priced Monday at par to yield 7 5/8%.

William Lyon Homes is a Newport Beach, Calif.-based company that designs, constructs and sells single-family homes in California, Arizona and Nevada.

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