News Releases

Baker Botts Represents LGI Homes, Inc. in $300 Million Private Offering of Unsecured Senior Notes

News Release

Deal Description: LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) announced on June 28, 2018, that it has priced its previously announced private offering to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, of $300 million aggregate principal amount of unsecured 6.875% Senior Notes due 2026 (the “Notes”). 

The Notes will mature on July 15, 2026. The Notes will be guaranteed, jointly and severally on a senior unsecured basis, by the Company’s subsidiaries that guarantee the Company’s obligations under its revolving credit facility. The sale of the Notes is expected to be completed on July 6, 2018, subject to customary closing conditions.

LGI Homes intends to use the net proceeds from the offering to repay a portion of the borrowings under its revolving credit facility.

Baker Botts L.L.P. represented LGI Homes in the private offering of the Notes. 

Baker Botts Lawyers/Office Involved:

For more information, please see LGI Home’s news release by clicking here.

 

# # # 

About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 178-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.

Related Professionals