Millrose Properties, Inc. announced the pricing of its private offering of $750 million aggregate principal amount of its 6.25% Senior Notes due 2032.
The offering represents a $250 million upsize from the previously announced size.
The Notes are priced at an initial offering price of 100.000% of the principal amount plus accrued interest from September 11, 2025.
Offering Details
The Offering includes $750 million aggregate principal amount of 6.25% Senior Notes due 2032, with a $250 million upsize from the initial announcement.
Intended Use of Proceeds
The net proceeds will be used to repay the $500 million outstanding under the term loan credit agreement and for general corporate purposes.
Target Investors
The Notes and guarantee will be offered to qualified institutional buyers and certain non-U.S. persons, in compliance with regulations.
- The Offering will provide Millrose Properties, Inc. with substantial funds for debt repayments and future corporate activities.
- The upsize in the Offering indicates strong investor interest and confidence in the company's financial outlook.
The successful pricing of the senior notes offering demonstrates investor confidence in Millrose Properties, Inc.'s financial strength and strategic direction for growth.