LGI Homes, Inc.’s $300 Million Unsecured Senior Notes Private Offering

Baker Botts advise LGI Homes on the transaction

LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) announced on June 28, 2018, that it has priced its previously announced private offering to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, of $300 million aggregate principal amount of unsecured 6.875% Senior Notes due 2026 (the “Notes”).

The Notes will mature on July 15, 2026. The Notes will be guaranteed, jointly and severally on a senior unsecured basis, by the Company’s subsidiaries that guarantee the Company’s obligations under its revolving credit facility. The sale of the Notes is expected to be completed on July 6, 2018, subject to customary closing conditions.

LGI Homes intends to use the net proceeds from the offering to repay a portion of the borrowings under its revolving credit facility.

Baker Botts L.L.P. represented LGI Homes in the private offering of the Notes.

LGI Homes, Inc. operates as a home builder. The Company designs and builds homes. The company, led by Eric Lipar, Michael Snider and Charles Merdian in 2017 recorded $1.258 Billion Revenues.

Baker Botts advised with a team including Tim Taylor (Picture, Houston); Lakshmi Ramanathan (Associate, Houston); Gita Pathak (Capital Markets), Lyman Paden (Banking & Finance), Don Lonczak (Partner, Washington); Peter Farrell (Tax), Rob Fowler (Partner, Houston); Stephanie Jeane (Employee Benefits), Scott Janoe (Partner, Houston); Laura Williams (Environmental), Connie Simmons Taylor (Partner, Houston); Sarabeth Westwood (Real Estate).

Involved fees earner: Timothy Taylor – Baker Botts; Lakshmi Ramanathan – Baker Botts; Gita Pathak – Baker Botts; Lyman Paden – Baker Botts; Don Lonczak – Baker Botts; Peter Farrell – Baker Botts; Rob Fowler – Baker Botts; Stephanie Jeane – Baker Botts; Scott Janoe – Baker Botts; Laura Williams – Baker Botts; Sarabeth Westwood – Baker Botts; Consuella Simmons Taylor – Baker Botts;

Law Firms: Baker Botts;

Clients: LGI Homes, Inc.;