trending Market Intelligence /marketintelligence/en/news-insights/trending/xbuXgN64JgCaIMsy7rRo8g2 content esgSubNav
In This List

CalAtlantic Group prices upsized senior notes offering

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


CalAtlantic Group prices upsized senior notes offering

CalAtlantic Group Inc. priced an upsized offering of $225 million of senior notes.

The offering comprises $125 million of additional notes to the company's existing 5.875% notes due 2024 and $100 million of additional notes to its existing 5.25% notes due 2026.

The company priced the additional 2024 notes and additional 2026 notes at 104.5% of their face value to yield 5.152% and 98.5% of their face value to yield 5.459%, respectively.

The company aims to use the net proceeds to repay or repurchase its 8.4% senior notes due in May, and for general corporate purposes.

Mizuho Securities USA Inc. is the sole book-running manager for the offering, which is expected to close April 4.