William Lyon Homes Announces Registered Exchange Offer for 6.00% Senior Notes Due 2023
August 02 2018 - 5:00PM
Business Wire
William Lyon Homes, Inc. (the “Company”), a wholly owned
subsidiary of William Lyon Homes (NYSE:WLH), today announced that
it has commenced a registered exchange offer for the $350 million
aggregate principal amount of outstanding 6.00% Senior Notes due
2023 (the “Private Notes”) issued on March 9, 2018 in a private
placement that was exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”). Holders
of the Private Notes may exchange them for an equal principal
amount of newly issued 6.00% Senior Notes due 2023 (the “Exchange
Notes”) in an exchange offer that is registered under the
Securities Act pursuant to an effective registration statement on
Form S-4 filed with the U.S. Securities and Exchange Commission
(the “SEC”).
When it issued the Private Notes, the Company agreed to file
with the SEC a registration statement relating to the exchange
offer under which the Company would offer the Exchange Notes,
containing substantially identical terms to the Private Notes, in
exchange for Private Notes that are tendered by the holders of
those notes.
Private Notes not tendered for exchange in the exchange offer
will remain outstanding and continue to accrue interest, but will
not retain any rights under the registration rights agreement,
except in limited circumstances. The terms of the exchange offer
are contained in the exchange offer prospectus and related letter
of transmittal.
The exchange offer will expire at 5:00 p.m., New York City time,
on the evening of September 5, 2018, unless extended or terminated.
Tenders of the Private Notes must be properly made before the
exchange offer expires. Private Notes tendered in the exchange
offer may be withdrawn at any time before the expiration time by
following the procedures set forth in the exchange offer
prospectus.
Documents describing the terms of the exchange offer, including
the prospectus and transmittal materials for making tenders, can be
obtained from the exchange agent, U.S. Bank National Association,
60 Livingston Avenue, St. Paul, MN, 55107, Attention: Specialized
Finance, (800) 934-6802.
This news release does not constitute an offer to sell any
securities or a solicitation of an offer to buy any securities.
The exchange offer will be made only by means of a written
prospectus and the related letter of transmittal.
About William Lyon Homes
William Lyon Homes is one of the largest Western U.S. regional
homebuilders. Headquartered in Newport Beach, California, the
Company is primarily engaged in the design, construction, marketing
and sale of single-family detached and attached homes in
California, Arizona, Nevada, Colorado, Washington, Oregon and
Texas. Its core markets include Orange County, Los Angeles, the
Inland Empire, the San Francisco Bay Area, Phoenix, Las Vegas,
Denver, Portland, Seattle, Austin and San Antonio. The Company has
a distinguished legacy of more than 60 years of homebuilding
operations, over which time it has sold in excess of 104,000 homes.
The Company markets and sells its homes under the William Lyon
Homes brand in all of its markets except for Washington and Oregon,
where the Company operates under the Polygon Northwest brand.
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version on businesswire.com: https://www.businesswire.com/news/home/20180802005980/en/
Investor RelationsFinancial Profiles, Inc.Larry
Clark310-622-8223WLH@finprofiles.com
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