Dream Finders Announces Pricing of Senior Notes Offering Due 2028
09 8월 2023 - 11:00AM
Business Wire
Dream Finders Homes, Inc. (the “Company” or “Dream Finders
Homes”) (NYSE: DFH) today announced the pricing of its private
offering of $300,000,000 aggregate principal amount of 8.25% senior
unsecured notes due 2028 (the “2028 Notes”).
The Company expects the net aggregate proceeds of the offering
to be approximately $295 million, after the underwriting discount
and estimated offering expenses payable by Dream Finders Homes. The
Company intends to use the net proceeds from the offering to repay
a portion of the borrowings outstanding under the amended and
restated credit agreement, as amended (the “Credit Agreement”) and
for general corporate purposes.
The 2028 Notes will bear interest at 8.25% and will be
guaranteed on a senior unsecured basis by each of the Company’s
subsidiaries that is a guarantor under the Credit Agreement.
The offering is expected to close on August 22, 2023, subject to
customary closing conditions.
The 2028 Notes will not be registered under the Securities Act
of 1933, as amended (the “Securities Act”), or any state securities
law and may not be offered or sold in the United States absent
registration or an applicable exemption from registration under the
Securities Act and applicable state securities laws. The 2028 Notes
will be sold only to persons reasonably believed to be qualified
institutional buyers pursuant to Rule 144A under the Securities Act
and to non-U.S. persons outside the United States pursuant to
Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
2028 Notes in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
About Dream Finders Homes, Inc.
Dream Finders Homes is a homebuilder based in Jacksonville, FL.
Dream Finders Homes builds single-family homes in Florida, Texas,
North Carolina, South Carolina, Georgia, Colorado, and the
Washington, D.C. metropolitan area, which includes Northern
Virginia and Maryland. Through its mortgage and title joint
ventures, Dream Finders Homes also provides mortgage financing and
title services to homebuyers. Dream Finders Homes achieves its
industry-leading growth and returns by maintaining an asset-light
homebuilding model.
Forward Looking Statements Safe Harbor
Certain statements in this press release constitute
“forward-looking statements” under the federal securities laws.
Many statements included in this press release are not statements
of historical fact, including statements concerning our
expectations, plans and objectives regarding the offering of the
2028 Notes, including the use of proceeds therefrom, and our
ability to complete any such transactions. These statements are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those expressed or implied by these statements.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Certain, but not necessarily all, of such forward-looking
statements can be identified by the use of forward-looking
terminology, such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “forecast,” “goal,” “intend,” “may,”
“objective,” “plan,” “predict,” “projection,” “should” or “will” or
the negative thereof or other comparable terminology.
We caution you that these forward-looking statements are subject
to all of the risks and uncertainties, most of which are difficult
to predict and many of which are beyond our control, incident to
the operation of our business. These risks include, but are not
limited to, the risks and uncertainties described herein, as well
as those risks and uncertainties discussed from time to time in the
Company’s reports and other public filings with the SEC, including,
but not limited to, those detailed in the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2022 and the
Company’s Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2023 and June 30, 2023, filed with the SEC. The Company
undertakes no obligation to update or revise any forward-looking
statement except as may be required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808269464/en/
Investor Contact: investors@dreamfindershomes.com Media Contact:
mediainquiries@dreamfindershomes.com
Dream Finders Homes (NYSE:DFH)
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Dream Finders Homes (NYSE:DFH)
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