Homebuilding company PulteGroup Inc. disclosed preliminary results of its cash tender offer to acquire up to $300 million of its 4.250% senior notes due 2021.
As of 5 p.m. ET on May 30, approximately $274.0 million of the notes had been validly tendered, with the holders of such notes receiving $1,020 for each $1,000 principal amount of the notes tendered, plus applicable interest.
Unless extended or earlier terminated, the offer is set to expire at 12 midnight ET at the end of June 13. Holders of notes validly tendered by such date will be eligible to receive $990 for each $1,000 principal amount of the notes tendered, plus applicable interest.
BofA Merrill Lynch is the dealer manager for the offer, while Global Bondholder Services Inc. is the information agent.