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M.D.C. Holdings to offer senior notes due 2043

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M.D.C. Holdings to offer senior notes due 2043

M.D.C. Holdings Inc. plans to offer an undisclosed amount of its 6.000% senior notes due Jan. 15, 2043.

The new notes will be of the same series as the $250.0 million of the notes issued in January 2013 and the $100.0 million of the notes issued in May 2013.

Interest on the notes will be payable semiannually in arrears every Jan. 15 and July 15, starting Jan. 15, 2018.

The company plans to use the net proceeds for general corporate purposes, which may include debt repayment.

Citigroup Global Markets Inc. is the sole book-running manager for the offering.