GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Century Communities, Inc. (NYSE: CCS) (the “Company”), a leading
homebuilder of single-family homes, townhomes and flats in select U.S.
markets, today announced that it intends to offer, subject to market and
other conditions, $300 million of its Senior Notes due 2025 (the “Senior
Notes”) in an unregistered offering pursuant to Rule 144A and Regulation
S under the Securities Act of 1933, as amended (the “Securities Act”).
The Company intends to use a portion of the net proceeds from this
offering to repay all outstanding debt under its revolving credit
facility, and to the extent not used for the repayment of outstanding
debt under its revolving credit facility, the Company intends to use the
remainder of the net proceeds from this offering for general corporate
purposes, which may include among other things, working capital and
acquisitions, including the previously announced merger transaction with
UCP, Inc.
The Senior Notes will be offered and sold to qualified institutional
buyers pursuant to Rule 144A under the Securities Act, and outside the
United States to non-U.S. persons in compliance with Regulation S under
the Securities Act.
The Senior Notes have not been registered under the Securities Act or
the securities laws of any jurisdiction. Unless they are registered, the
Senior Notes may be offered only in transactions that are exempt from
registration under the Securities Act and the applicable securities laws
of any jurisdiction.
This press release does not constitute an offer to sell or a
solicitation of an offer to purchase the Senior Notes or any other
securities, and shall not constitute an offer, solicitation or sale in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.
About Century Communities:
Founded in 2002, Colorado-based Century Communities is a builder of
single-family homes, townhomes and flats in select major metropolitan
markets in Colorado, Georgia, Nevada, Texas, Utah, and North Carolina.
The Company offers a wide variety of product lines and is engaged in all
aspects of homebuilding, including the acquisition, entitlement and
development of land and the construction, marketing and sale of homes.
The Company also offers title and lending services in select markets
through its Parkway Title and Inspire Home Loan subsidiaries. Century
Communities is a top-20 U.S. homebuilder based on homes delivered.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking
statements may be identified by the use of words such as “anticipate,”
“believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Forward-looking
statements should not be read as a guarantee of future performance or
results, and will not necessarily be accurate indications of the times
at, or by, which such performance or results will be achieved.
Forward-looking statements are based on historical information available
at the time the statements are made and are based on management’s
reasonable belief or expectations with respect to future events, and are
subject to risks and uncertainties, many of which are beyond the
Company’s control, that could cause actual performance or results to
differ materially from the belief or expectations expressed in or
suggested by the forward-looking statements. Forward-looking statements
speak only as of the date on which they are made and the Company
undertakes no obligation to update any forward-looking statement to
reflect future events, developments or otherwise, except as may be
required by applicable law. Investors are referred to the Company’s most
recent Annual Report on Form 10-K, as updated by its subsequent
quarterly reports on Form 10-Q and other filings it makes with the SEC,
for additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed in
any forward-looking statement.
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Century Communities
Investor Relations
303-268-8398
[email protected]
Source: Century Communities, Inc.