Homebuilder William Lyon Homes, through a subsidiary, closed a private placement of $350.0 million of 6.00% senior notes due Sept. 1, 2023.
The company, through William Lyon Homes Inc., used the net proceeds to partially fund the acquisition of fellow homebuilder RSI Communities LLC and three related properties, including transaction costs, and to fully repay the unit's $150.0 million of 5.75% senior notes due 2019. Interest on the 2023 notes will be paid semiannually every March 1 and Sept. 1, starting Sept. 1.
U.S. Bank NA was the trustee for the notes.
