LENNAR CORPORATION (NYSE:LEN) Files An 8-K Other Events
Item8.01 Other Events.
On January20, 2017, Lennar Corporation (the Company) completed
the sale of $600 million aggregate principal amount of its 4.125%
Senior Notes due 2022 (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
$595.0 million 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 Thirteenth Supplemental
Indenture, dated as of January20, 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 4.125%per annum from January20, 2017, and will be payable
semi-annually on January15 and July15 of each year, commencing
July15, 2017. The Notes will mature on January15, 2022, 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 Thirteenth
Supplemental Indenture is qualified in its entirety by reference
to the full text of the Thirteenth Supplemental Indenture
(including the form of Note included therein), a copy of which is
filed as Exhibit 4.17 hereto.
Item9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
|
Exhibit No. |
Description of Document |
|
| 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. |
|
| 4.17 |
Thirteenth Supplemental Indenture, dated as of January 20, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.125% Senior Notes due 2022Filed 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 up +0.12 at 43.85 with 2,351,001 shares trading hands.
