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Lennar nets $595M in senior notes offering

Lennar Corp. closed its offering of $600 million of 4.125% senior notes due Jan. 15, 2022, pulling in about $595.0 million in net proceeds.

The notes will bear an annual interest rate of 4.125%, payable semiannually every Jan. 15 and July 15, starting July 15.

The Bank of New York Mellon was the trustee for the notes.