LENNAR CORPORATION (NASDAQ:LEN) Files An 8-K Other Events
Item8.01 Other Events.
On January 5, 2017, Lennar Corporation (the Company) and the
Guarantors (as defined below) entered into an underwriting
agreement (the Underwriting Agreement) with the underwriters
listed on Schedule I thereto with respect to the offering and
sale in an underwritten public offering by the Company of $600
million aggregate principal amount of 4.125% Senior Notes due
2022 (the Notes). The Notes will be guaranteed by most, but not
all, of the Companys subsidiaries (the Guarantors), but the
guarantee by particular subsidiaries may be suspended or
terminated under some circumstances. The Company plans to use the
net proceeds from the offering to fund all or a portion of the
cash consideration for the Companys acquisition of WCI
Communities, Inc., to pay related costs and expenses and for
general corporate purposes, which may include the repayment or
repurchase of the Companys debt.
The offering has been registered under the Securities Act of
1933, as amended (the Securities Act), to the Companys
registration statement on Form S-3, File No. 333-199159, and the
prospectus supplement dated January 5, 2017, filed with the
Securities and Exchange Commission to Rule 424(b) under the
Securities Act on January 9, 2017. The sale is expected to close
on January 20, 2017, subject to customary closing conditions. A
legal opinion relating to the Notes is filed herewith as Exhibit
5.1.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
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| 1.1 |
Underwriting Agreement, dated January 5, 2017, among Lennar Corporation, the Guarantors named therein and the underwriters listed on Schedule I thereto. |
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| 5.1 | Opinion of Willkie Farr Gallagher LLP. |