Century Communities Launches $500M Private Offering Of 2033 Senior Notes To Redeem Outstanding 2027 Notes

Century Communities, Inc. (NYSE:CCS), one of the nation's largest homebuilders, today announced that it has launched a private offering (the "Offering") of $500 million aggregate principal amount of new Senior Notes due 2033 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem (the "Redemption") all $500.0 million aggregate principal amount of the Company's 6.750% Senior Notes due 2027 outstanding (the "2027 Senior Notes").  Consummation of the Offering of the Notes and the Redemption of the 2027 Senior Notes are subject to market and other conditions, and there can be no assurance that the Company will be able to successfully complete these transactions on the terms described above, or at all.