LENNAR CORPORATION (NYSE:LEN) Files An 8-K Other Events
Item8.01 Other Events.
On April28, 2017, Lennar Corporation (the Company) completed the
sale of $650million aggregate principal amount of its 4.50%
Senior Notes due 2024 (the Notes). The offer and sale of the
Notes had been registered under the Securities Act of 1933, as
amended. The Company received net proceeds of approximately
$644.6million from the sale of the Notes after deducting the
underwriters fees and certain expenses of the offering. The Notes
are governed by an Indenture, dated as of December31, 1997 (the
Indenture), as supplemented by a Fourteenth Supplemental
Indenture, dated as of April28, 2017, by and among the Company, a
number of its subsidiaries as guarantors and The Bank of New York
Mellon, as trustee. Interest on the Notes will accrue at the rate
of 4.50% per annum from April28, 2017, and will be payable
semi-annually on April30 and October30 of each year, commencing
October30, 2017. The Notes will mature on April30, 2024, subject
to earlier redemption or repurchase. The Notes are guaranteed by
most, but not all, of the Companys subsidiaries, but the
guarantee by particular subsidiaries may be suspended or
terminated under some circumstances.
The above description of the Notes and the Fourteenth
Supplemental Indenture is qualified in its entirety by reference
to the full text of the Fourteenth Supplemental Indenture
(including the form of Note included therein), a copy of which is
filed as Exhibit 4.18 hereto.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
Description of Document |
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| 4.1 |
Indenture, dated as of December31, 1997, between Lennar Corporation and Bank One Trust Company, N.A., as trusteeIncorporated by reference to Exhibit 4 of the Companys Registration Statement on Form S-3, Registration No.333-45527, filed with the Securities and Exchange Commission on February3, 1998. |
|
| 4.18 |
Fourteenth Supplemental Indenture, dated as of April28, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.50% Senior Notes due 2024Filed herewith. |
About LENNAR CORPORATION (NYSE:LEN)
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments. The Lennar Financial Services segment operations include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment operations include commercial real estate, investment management and finance company. The Lennar Multifamily segment develops a portfolio of institutional multifamily rental properties in select the United States markets. LENNAR CORPORATION (NYSE:LEN) Recent Trading Information
LENNAR CORPORATION (NYSE:LEN) closed its last trading session down -0.57 at 50.50 with 2,002,447 shares trading hands.
