trending Market Intelligence /marketintelligence/en/news-insights/trending/dHhwo-mLfpzeHBqa2jp-ww2 content esgSubNav
In This List

TRI Pointe prices upsized senior notes offering

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


TRI Pointe prices upsized senior notes offering

TRI Pointe Group Inc. priced an upsized offering of $300 million of senior notes.

The notes, guaranteed by the company's wholly owned domestic subsidiaries, will pay interest semiannually at a 5.25%-per-annum rate and will mature June 1, 2027.

The offering, which initially comprised $250 million. of senior notes, is expected to close June 8, subject to certain conditions.

The company plans to use the net proceeds from the offering to repay about $200 million of borrowings under its $625 million unsecured revolving credit facility, which matures May 18, 2019. The remainder will be used for general corporate purposes.

J.P. Morgan, Citigroup, Credit Suisse, Wells Fargo Securities and U.S. Bancorp are the joint book-running managers for the offering, while Fifth Third Securities and Zelman Partners LLC are the co-managers.