DENVER, Jan. 6, 2021
/PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) today
announced the pricing of a public offering of $350 million principal amount of 2.500% senior
notes due January 2031 (the "Notes")
at 100% of par. The Notes will be general unsecured obligations of
MDC and will rank equally and ratably with its other general
unsecured and unsubordinated indebtedness. The Notes will be fully
guaranteed on an unsecured basis, jointly and severally, by most of
the Company's homebuilding subsidiaries. MDC will use the proceeds
of the offering for general corporate purposes. The offering
is expected to close on January 11, 2021, subject to customary
closing conditions.
The Notes will be issued pursuant to an effective shelf
registration statement and are being offered by means of the
prospectus included in the registration statement and the related
prospectus supplement. Copies of the prospectus supplement
and accompanying prospectus relating to the offering may be
obtained at no charge by visiting the SEC website at
www.sec.gov. Alternatively, copies of the final prospectus
supplement and accompanying prospectus may be obtained free of
charge by contacting any of the joint book-running managers for the
offering at their numbers below:
Citigroup
Global Markets Inc.
|
1-800-831-9146
|
U.S.
Bancorp Investments, Inc.
|
1-877-558-2607
|
Truist
Securities, Inc.
|
1-800-685-4786
|
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, the Notes, nor shall there be any
sale of the Notes in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful.
About MDC
M.D.C. Holdings, Inc. was founded in 1972. MDC's homebuilding
subsidiaries, which operate under the name Richmond American Homes,
have built and financed the American Dream for more than 210,000
homebuyers since 1977. MDC's commitment to customer
satisfaction, quality and value is reflected in each home its
subsidiaries build. MDC is one of the largest homebuilders in
the United States. Its
subsidiaries have homebuilding operations across the country,
including the metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las
Vegas, Phoenix,
Tucson, Riverside-San
Bernardino, Los Angeles,
San Diego, Orange County, San
Francisco Bay Area, Sacramento, Washington D.C., Baltimore, Orlando, Jacksonville, Seattle and Portland. MDC's subsidiaries also provide
mortgage financing, insurance and title services, primarily for
Richmond American homebuyers, through HomeAmerican Mortgage
Corporation, American Home Insurance Agency, Inc. and American Home
Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is
traded on the New York Stock Exchange under the symbol "MDC." For
more information, visit www.mdcholdings.com.
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SOURCE M.D.C. Holdings, Inc.