Millrose Properties, Inc. announced the launch of a $500 million senior notes offering.
The offering will be used to repay the entire outstanding amount under the term loan credit agreement.
The notes will be offered to qualified institutional buyers and certain non-U.S. persons.
Offer Details
Millrose Properties, Inc. plans to offer up to $500 million in senior notes due 2032 to repay existing debt.
Regulatory Compliance
The offering is exempt from the registration requirements of the Securities Act of 1933.
Use of Proceeds
The net proceeds will be used to repay the outstanding term loan credit agreement and related expenses.
- The offering will provide liquidity to Millrose Properties, Inc. and enable the repayment of existing debt obligations.
- By using the net proceeds to repay the term loan credit agreement, the company aims to strengthen its financial position.
The launch of the senior notes offering highlights Millrose Properties, Inc.'s strategic approach to managing its capital structure and debt obligations.