M.D.C. Holdings, Inc. (NYSE:MDC) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantITEM 2.03.
CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT
On October 16, 2017, M.D.C. Holdings, Inc. (the “Company”) completed the issuance of an additional $150 million of its 6.000% Senior Notes due January15, 2043 (the “Notes”), in accordance with terms previously announced. The offering was made to the Company’s registration statement on Form S-3ASR (Registration No.333-212146), as supplemented by the prospectus supplement dated October 11, 2017. The Notes were issued to the Indenture dated as of December3, 2002, among the Company, the guarantors named therein and U.S. Bank National Association, as Trustee, as supplemented by the supplemental indenture dated as of January10, 2013 (the “Supplemental Indenture”).
In connection with the offering and sale of the Notes described under Item 2.03 above, Sherman & Howard L.L.C. and Miles & Stockbridge P.C., respectively, provided the Company with the legal opinions attached as Exhibit 5.1 and Exhibit 5.2 hereto.
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ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS |
(d)Exhibits.
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Exhibit Number |
Description |
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4.1 |
Indenture dated as of December 3, 2002, by and among M.D.C. Holdings, Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 of the Company’s Form S-3/A filed on September 1, 2004). |
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4.2 |
Supplemental Indenture dated as of January 10, 2013, among the Company, the guarantors named therein and U.S. Bank National Association, as Trustee (including form of debt security) (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K filed on January 10, 2013). |
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5.1 |
Opinion of Sherman & Howard L.L.C. |
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5.2 |
Opinion of Miles & Stockbridge P.C. |
MDC HOLDINGS INC ExhibitEX-5.1 2 ex_96610.htm EXHIBIT 5.1 ex_96610.htm Exhibit 5.1 [Letterhead of Sherman & Howard L.L.C.] October 16,…To view the full exhibit click here
About M.D.C. Holdings, Inc. (NYSE:MDC)
M.D.C. Holdings, Inc. is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. Its homebuilding operations consists of homebuilding divisions that the Company considers to be its operating segments. Its financial services operations consists of HomeAmerican Mortgage Corporation (HomeAmerican), Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., and American Home Insurance Agency, Inc. The Company’s operating segments include West (includes operating segments located in Arizona, California, Nevada and Washington); Mountain (includes operating segments located in Colorado and Utah), and East (includes operating segments located in Virginia, Florida and Maryland).