Millrose Properties launches USD 1 billion senior notes offering
Bitget2026/09/22 12:09- Millrose Properties launched a USD 1 billion senior notes offering split into USD 500 million due 2029, USD 500 million due 2031.
- Proceeds earmarked for general corporate purposes, including homesite acquisitions tied to the Dream Finders transaction.
- Funding package also includes a USD 500 million delayed-draw term loan.
- Part of proceeds may repay the revolving credit facility, which had USD 850 million outstanding as of Sept. 21, 2026.
- If the Dream Finders transaction misses May 13, 2027, USD 500 million of the 2031 notes face special mandatory redemption.
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