An announcement from Landsea Homes (LSEA) is now available.
On April 1, 2024, Landsea Homes Corporation finalized the sale of $300 million in 8.875% Senior Notes due in 2029 to qualified institutional buyers and certain non-U.S. persons, with semi-annual interest payments beginning October 2024 and various redemption options leading up to maturity. Concurrently, the company acquired Texas-based homebuilder Antares Acquisition, LLC for $185 million, as announced in a press release on April 2, 2024. These strategic financial moves, involving senior unsecured obligations and an acquisition poised to enhance market presence, signal Landsea Homes Corporation’s robust activity in the financial and real estate sectors.
See more data about LSEA stock on TipRanks’ Stock Analysis page.
