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Published on 11/17/2011 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

William Lyon Homes solicits votes to restructure three notes series

By Susanna Moon

Chicago, Nov. 17 - William Lyon Homes said it began soliciting votes to support a restructuring of its outstanding debt, including its three series of senior notes.

Covered by the solicitation are the 10¾% senior notes due April 1, 2013, the 7 5/8% senior notes due 2012 and the 7½% senior notes due Feb. 15, 2014, all issued by William Lyon Homes, Inc., a wholly owned subsidiary, and guaranteed by the company and some subsidiaries.

The solicitation is set to end at 5 p.m. ET on Dec. 16.

Kurtzman Carson Consultants LLC (877 833-4150, or international callers: 917 281-4800, e-mail: lyonhomesinfo@kccllc.com) is the information agent.

The Newport Beach, Calif.-based company designs, constructs and sells single family detached and attached homes in California, Arizona and Nevada.


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