Century Communities, Inc.’s $500 Million Senior Notes Offering and Concurrent Tender Offer

Davis Polk advised J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with the Rule 144A and Regulation S offering by Century Communities, Inc. of $500 million aggregate principal amount of its 6.750% senior notes due 2027.

Davis Polk is also advising the dealer manager in connection with Century’s concurrent cash tender offer to purchase any and all of its outstanding $385 million aggregate principal amount of 6.875% senior notes due 2022.

Century engages in the development, design, construction, marketing and sale of single-family attached and detached homes in the states of Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah and Washington.

The Davis Polk capital markets team included partner Michael Kaplan (Picture) and associates Roderick G. Miller, Michelle Ha and Johnathan M. Nixon. Partner Po Sit and associate Ben Levenback provided tax advice. Counsel Betty Moy Huber and associate Rachel Hoberman provided environmental advice.

Involved fees earner: Michelle Ha – Davis Polk & Wardwell; Rachel Hoberman – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Roderick Miller – Davis Polk & Wardwell; Johnathan Nixon – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: J.P. Morgan Securities LLC;

Author: Ambrogio Visconti