Key Developments: Ryland Group Inc (RYL)
49.95USD
17 May 2013
$1.03 (+2.11%)
$48.92
$49.38
$50.41
$49.18
1,140,106
1,345,668
$50.41
$19.25
Latest Key Developments (Source: Significant Developments)
Ryland Group Inc Announces Pricing Of 0.25% Convertible Senior Notes Due 2019
Ryland Group Inc announced that it has priced an underwritten public offering of $250 million aggregate principal amount of 0.25% Convertible Senior Notes due 2019. The Company granted the underwriters a 30-day option to purchase up to an additional $37.5 million aggregate principal amount of notes from the Company. The offering is expected to close on May 20, 2013, subject to customary closing conditions. The notes will be the Company's general unsecured senior obligations. The notes will pay interest semi-annually on June 1 and December 1, beginning on December 1, 2013, at a rate of 0.25% per year, and will mature on June 1, 2019. The notes will be guaranteed by substantially all of the Company's direct and indirect wholly owned homebuilding subsidiaries. The notes will initially be convertible into shares of common stock at a conversion rate of 13.3307 shares of the Company's common stock per $1,000 principal amount of notes, corresponding to an initial conversion price of approximately $75.01 per share of common stock, or approximately 50% above the last reported sale price of $50.01 per share of the Company's common stock on the New York Stock Exchange on May 14, 2013. The conversion rate will be subject to adjustment upon the occurrence of certain events. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include land and other acquisitions to expand market opportunities. Full Article
Ryland Group Inc Announces Offering Of Convertible Notes
Ryland Group Inc announced its intention to offer, subject to market and other conditions, $250 million aggregate principal amount of its Convertible Senior Notes due 2019. The Company intends to grant the underwriters a 30-day option to purchase up to an additional $37.5 million aggregate principal amount of notes from the Company. The notes will be convertible into shares of the Company`s common stock. The notes will be guaranteed by substantially all of the Company`s direct and indirect wholly owned homebuilding subsidiaries. The interest rate, conversion rate, and certain other terms of the offering will be determined at the time of pricing. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include land and other acquisitions to expand market opportunities. Full Article
Ryland Group Inc Declares Quarterly Dividend
Ryland Group Inc announced that it has declared a quarterly dividend of $0.03 per share, payable on July 30, 2013, to common stockholders of record on July 15, 2013. Full Article
Ryland Group Inc Declares Quarterly Dividend
Ryland Group Inc announced that it has declared a quarterly dividend of $0.03 per share, payable on April 30, 2013, to common stockholders of record on April 15, 2013. Full Article
Ryland Group Inc Announces Acquisition Of Operations Of Trend Homes In Phoenix, Arizona
Ryland Group Inc announced that it has acquired the Phoenix operations and assets of Trend Homes. The Trend acquisition provides Ryland with an ongoing operation in Phoenix and approximately 910 additional lots and homes for future sales, as well as 106 homes currently sold and under construction for delivery. Trend Homes currently operates in seven active communities. All of Trend's employees are expected to join Ryland in conjunction with the acquisition and Reed Porter, Trend's President, will be Ryland's Phoenix Division President. Full Article
Ryland Group Inc Declares Quarterly Dividend
Ryland Group Inc announced that it has declared a quarterly dividend of $0.03 per share, payable on January 30, 2013, to common stockholders of record on January 15, 2013. Full Article
Ryland Group Inc Completes Offering of $250 Million of Senior Notes
Ryland Group Inc announced the completion of its offering and sale of $250 million aggregate principal amount of 5.375% Senior Notes due 2022. The notes will be the Company’s general unsecured senior obligations. The notes will pay interest semi-annually on April 1 and October 1, beginning on April 1, 2013, at a rate of 5.375% per year. The notes will mature on October 1, 2022 and are redeemable, in whole or in part, at any time and from time to time under the terms provided in the indenture and supplemental indenture under which they are issued. The notes will be guaranteed by substantially all of the Company’s direct and indirect wholly owned homebuilding subsidiaries. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include repayment or repurchase of outstanding indebtedness. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as the joint-book running managers, and Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC acted as co-managers. The notes were issued pursuant to an effective shelf registration statement that was previously filed by the Company with the Securities and Exchange Commission and became effective immediately upon filing. Full Article
Ryland Group Inc Announces Pricing of Senior Notes
Ryland Group Inc announced that it has priced an underwritten public offering of $250 million aggregate principal amount of 5.375% Senior Notes due 2022. The offering is expected to close on September 21, 2012, subject to customary closing conditions. The notes will be the Company’s general unsecured senior obligations. The notes will pay interest semi-annually on April 1 and October 1, beginning on April 1, 2013, at a rate of 5.375% per year, and will mature on October 1, 2022. The notes will be guaranteed by substantially all of the Company’s direct and indirect wholly owned homebuilding subsidiaries. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment or repurchase of outstanding indebtedness. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as the joint book-running managers and Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC acted as co-managers. Full Article
Ryland Group Inc Announces Offering Of Senior Notes
Ryland Group Inc announced intention to offer $250 million aggregate principal amount of its Senior Notes due 2022. The notes will be guaranteed by substantially all of the Company’s direct and indirect wholly owned homebuilding subsidiaries. The interest rate and certain other terms of the offering will be determined at the time of pricing. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment or repurchase of outstanding indebtedness. Full Article
Ryland Group Inc Announces Normal Course Issuer Bid Plan For Its Common Shares
Ryland Group Inc announced that the Toronto Stock Exchange (TSX) has accepted Royal Host's Notice of Intention to make a Normal Course Issuer Bid (the Bid) to purchase for cancellation, from time to time, as Royal Host considers advisable, common shares (Common shares). The total number of issued and outstanding common shares is 17,586,175. The Bid will commence on August 23, 2012 and will terminate on August 22, 2013 or such earlier time as the Bid is completed or terminated at the option of Royal Host. The purchases will be effected through the facilities of the Toronto Stock Exchange. Full Article
BRIEF-Ryland shares following earnings report
NEW YORK, Jan 29 - Ryland Group Inc : * Shares climb 3.4 percent after hours following earnings report
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