Lennar Corporation announced on October 15, 2026, that it has settled an offering of $600 million in aggregate principal amount of senior notes. The offering consisted of two tranches: $300 million of 5.700% Senior Notes due 2029 and $300 million of 5.950% Senior Notes due 2032.
The notes are guaranteed by certain direct or indirect wholly owned subsidiaries of the company. The issuance was conducted pursuant to an underwriting agreement dated October 13, 2026, among the company, the guarantors, and representatives from BBVA Securities Inc., BofA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities Inc., and Wells Fargo Securities LLC.
The notes were issued under an indenture dated December 31, 1997, which has been supplemented by the Sixteenth and Seventeenth Supplemental Indentures dated October 15, 2026. The company intends to use the net proceeds from this offering for general corporate purposes.
