Key Developments: Lennar Corp (LEN.N)

LEN.N on New York Stock Exchange

38.22USD
17 Apr 2014
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$-0.55 (-1.42%)
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Latest Key Developments (Source: Significant Developments)

Lennar Corp declares quarterly dividends
Wednesday, 9 Apr 2014 04:30pm EDT 

Lennar Corp:Declares quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 7 to holders of record at close of business on April 23.  Full Article

Lennar Corp's subsidiary Universal American Mortgage Company acquires certain assets of Pinnacle Mortgage Group, Inc.
Monday, 7 Apr 2014 08:46pm EDT 

Lennar Corp:Universal American Mortgage Company, the mortgage banking subsidiary of Lennar Corporation announced that it has acquired certain assets of Pinnacle Mortgage Group, Inc.Terms of the transaction were not disclosed.  Full Article

Lennar Corp prices $100 million of senior notes
Tuesday, 25 Feb 2014 05:37pm EST 

Lennar Corp:Says it has priced an underwritten public offering of $100 million of 4.50 pct Senior Notes due June 2019.The Notes are being sold at a public offering price of 100.50 pct of their principal amount.Plans to use the net proceeds from the offering, which are estimated to be $100 million, for working capital and for general corporate purposes.Had previously sold $400 million of 4.50 pct Senior Notes due June 2019 on Feb. 12.The sale of the $100 million of Notes is expected to close on Feb. 28, subject to customary closing conditions.The Notes have an interest rate of 4.50 pct and pay interest semi-annually on June 15 and December 15, commencing June 15, 2014.Citigroup Global Markets Inc. is acting as Sole Book-Running Manager in the offering.  Full Article

Lennar Corp prices $400 mln of senior notes
Wednesday, 5 Feb 2014 04:47pm EST 

Lennar Corp:Says it has priced an underwritten public offering of $400 mln of 4.50% Senior Notes due June 2019.Says it plans to use the net proceeds from the offering for working capital and for general corporate purposes.Says offering of the Notes is expected to close on Feb. 12, subject to customary closing conditions.Says Notes will have an interest rate of 4.50 pct and will pay interest semi-annually on June 15 and Dec. 15 commencing June 15.Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp. and UBS Securities LLC are acting as Joint Book-Running Managers in the offering.  Full Article

Lennar Corp declares quarterly dividends
Wednesday, 15 Jan 2014 04:38pm EST 

Lennar Corp:Declares a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on Feb. 13 to holders of record at the close of business on Jan. 30.  Full Article

Lennar Corp's Rialto Segment Announces Pricing of $250 Million Of Senior Notes
Friday, 8 Nov 2013 11:35am EST 

Lennar Corporation announced that its wholly-owned subsidiaries, Rialto Holdings, LLC ("Rialto") and Rialto Corporation, had priced an offering of $250 million of senior notes due 2018 (the "Notes"). When they are issued, the Notes will be guaranteed by all of Rialto's 100% owned subsidiaries, except any Rialto subsidiary that is a party to a warehouse facility, but those guarantees may be released under certain circumstances. Lennar expects the closing of the Notes to occur on November 14, 2013. The Notes will have an interest rate of 7% and will be issued at a price of 100% of their face value. Rialto intends to use the net proceeds from the offering of the Notes primarily to provide working capital to its subsidiary, Rialto Mortgage Finance, LLC, and for investments in funds or entities managed or advised by Rialto Capital Management, LLC or its subsidiaries. Rialto also intends to use a portion of the proceeds to repay sums previously advanced by Lennar. To the extent the proceeds are not used for these purposes, Rialto will use the proceeds for general corporate purposes.  Full Article

Lennar Corporation's Rialto Segment Proposes To Offer $250 Million of Senior Notes
Monday, 4 Nov 2013 11:06am EST 

Lennar Corporation announced that Rialto Holdings, LLC ("Rialto"), its wholly-owned subsidiary, proposes to offer $250 million principal amount of Senior Notes due 2018 (the "Notes") by Rialto and Rialto Corporation, a direct wholly-owned subsidiary of Rialto, in a private offering under SEC Rule 144A. Rialto intends to use the net proceeds from the offering of the Notes primarily to provide working capital to its subsidiary, Rialto Mortgage Finance, LLC, and for investments in funds or entities managed or advised by Rialto Capital Management LLC or its subsidiaries. Rialto also intends to use a portion of the proceeds to repay sums previously advanced by Lennar Corporation. To the extent the proceeds are not used for these purposes, Rialto will use the proceeds for general corporate purposes.  Full Article

Lennar Corp Declares Quarterly Dividends
Thursday, 3 Oct 2013 04:30pm EDT 

Lennar Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on November 1, 2013 to holders of record at the close of business on October 18, 2013.  Full Article

Lennar Corp Declares Quarterly Dividends
Wednesday, 26 Jun 2013 08:30am EDT 

Lennar Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on July 24, 2013 to holders of record at the close of business on July 10, 2013.  Full Article

Lennar Corp Sells $50 Million Of Senior Notes
Wednesday, 10 Apr 2013 04:30pm EDT 

Lennar Corp Notes due 2022, at a price of 98.25%, bringing the total outstanding principal amount of its 4.750% Senior Notes due 2022 to $575 million. Lennar had previously sold $350 million principal amount of 4.750% Senior Notes due 2022 on October 23, 2012 and an additional $175 million principal amount on February 4, 2013. The $50 million principal amount sold is expected to be delivered and paid for on April 17, 2013. The 4.750% Senior Notes due 2022 will mature November 15, 2022, unless they are redeemed or repurchased before that date. Lennar will have the right to redeem the 4.750% Senior Notes due 2022 at any time. If the 4.750% Senior Notes due 2022 are redeemed more than 90 days prior to their scheduled maturity date, the redemption price will be the greater of 100% of their principal amount or the present value of the remaining payments of principal and interest, discounted at the applicable Treasury Rate plus 50 basis points (0.50%). If the 4.750% Senior Notes due 2022 are redeemed within 90 days before their scheduled maturity, the redemption price will be 100% of their principal amount. In either case the redemption payment will also include accrued but unpaid interest. Lennar plans to use the net proceeds from the sale of the $50 million of Senior Notes for working capital and general corporate purposes, which may include the repayment or repurchase of other of its outstanding senior notes.  Full Article

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