trending Market Intelligence /marketintelligence/en/news-insights/trending/3a8uEx_0NXpGWWknt8MeMQ2 content esgSubNav
In This List

M.D.C. Holdings to boost 6.000% senior notes series with $150M offering

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


M.D.C. Holdings to boost 6.000% senior notes series with $150M offering

M.D.C. Holdings Inc. is adding $150 million to its 6.000% senior notes due Jan. 15, 2043, with the new notes priced at 97.000% of par, plus interest.

The new 6.000% senior notes will be consolidated with the company's previous offering in the same series amounting to $250 million in January 2013 and $100 million in May 2013. The offering, expected to close Oct. 16, will bring the total outstanding principal amount of the note series to $500 million.

Proceeds from the additional notes will be used for the company's general corporate expenses, which may include debt repayment, according to a news release.

Citigroup Global Markets Inc. is the underwriter of the offering.