#United States #Senior Notes #Greenwood Village #Century Communities #Homebuilders

Century Communities Announces Significant Offering of Senior Notes

Century Communities, Inc. (NYSE: CCS), known as one of the leading homebuilders in the United States, recently disclosed important details regarding its latest financial initiative. The company has priced a private offering that will generate a total principal amount of $500 million in 6.625% Senior Notes, which are scheduled to mature in 2033.

Key Features of the Offering

These Senior Notes, with an interest rate of 6.625%, will be guaranteed on an unsecured senior basis by a significant number of the company's current and forthcoming subsidiaries. This includes almost all wholly-owned subsidiaries based in the United States. The notes will be sold to investors at face value, meaning each note's selling price is 100% of its principal amount.

The anticipated closure date for this offering is set for September 17, 2025, pending the fulfillment of routine closing requirements.

Expected Financial Impact

Following the sale, Century Communities expects to net approximately $494 million, after accounting for initial purchasers' discounts and an array of other estimated fees and expenses associated with the offering.

The company plans to utilize the proceeds from this offering, combined with existing cash reserves, to fund the complete redemption price concerning the previously announced redemption of its existing $500 million 6.750% Senior Notes, which are set to mature in 2027. This strategy indicates Century Communities' commitment to efficiently managing its debt obligations while optimizing financing opportunities.

Regulatory Compliance

It's noteworthy that the offer and sale of these Senior Notes have not, and will not, be registered under the Securities Act of 1933, or any related state and local securities laws. Consequently, these notes cannot be sold or offered within the U.S. territory or to U.S. persons without proper registration or an accepted exemption from registration requirements. The sale will be limited to those believed to be qualified institutional buyers under Rule 144A of the Securities Act, and to select non-U.S. entities through Regulation S.

The announcement explicitly states that this press release should not be considered an offer to sell or solicit bids for these or any other securities, especially in jurisdictions where such an offering would be illegal.

About Century Communities

Century Communities, Inc., operating under the ticker symbol CCS, is recognized not only as one of the major homebuilders in the U.S. but also as a frontrunner in online home sales. Over the past three consecutive years, the company has been chosen by Newsweek as one of America's Most Trustworthy Companies. Furthermore, the company has earned its place among U.S. News & World Report's Best Companies to Work For for 2025-2026.

The essence of Century's mission is to create high-quality, appealing homes at accessible prices, ensuring they provide customers with what they truly desire: A HOME FOR EVERY DREAM®. Their operations span across 16 states and more than 45 markets, with comprehensive services that include construction, land development, and additional offerings like mortgage, title, and insurance services through their subsidiaries.

Conclusion

While Century Communities pursues this significant financial maneuver, they continue to seem poised for future growth while strengthening their financial structure. As they plan ahead, the outcomes of this offering, along with the redemption of existing debt, could represent fundamental steps toward maintaining their market leadership in the competitive homebuilding industry.