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Century Communities closes $125M senior notes offering

Century Communities Inc. closed a private offering of $125 million of 6.875% senior notes due 2022.

The offering price was 102% plus accrued interest from Nov. 15, 2016, the company noted, adding that it plans to use the net proceeds for the repayment of outstanding debt under its revolving credit facility.

J.P. Morgan Securities LLC was the representative of the initial purchasers.