Century Communities’ $500 Million Senior Notes Offering

Davis Polk advised the representative of the initial purchasers in the offering.

Century Communities, Inc. executed the offering of $500 million aggregate principal amount of its 3.875% senior notes due 2029. A portion of the net proceeds from the offering was used in connection with the company’s concurrent redemption of all of its $400 million aggregate principal amount of existing 5.875% senior notes due 2025.

The Initial Purchasers included BofA Securities, Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp, Builder Advisor Group, LLC, PNC Capital Markets LLC, Woodrock Securities, LP, Zelman Partners LLC and Zions Direct.

Century engages in the development, design, construction, marketing and sale of single-family attached and detached homes in seventeen states.

The Davis Polk capital markets team included partner Michael Kaplan (Picture) and associates Rahul K. Patel and Jordyn Giannone. Partner Po Sit and associate Ben Levenback provided tax advice.

Involved fees earner: Jordyn Giannone – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Rahul Patel – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; BMO Capital Markets; Builder Advisor Group, LLC; Fifth Third Securities, Inc.; J.P. Morgan Securities LLC; PNC Capital Markets LLC; U.S. Bancorp Investments; Wells Fargo Securities; WoodRock Securities; Zelman Partners; Zions Direct;

Author: Martina Bellini