DENVER, Nov. 23, 2021 /PRNewswire/ — M.D.C. Holdings, Inc. (NYSE: MDC) (“MDC” or the “Firm”) immediately introduced that it’ll redeem all of its excellent 5.500% Senior Notes due January 2024 (CUSIP No. 552676AR9) (the “Notes”), which whole $126,368,000, on December 23, 2021. The Notes can be redeemed pursuant to their non-obligatory redemption provisions at a redemption worth that can embody a premium based mostly on the current worth of the remaining scheduled funds on the Notes as described within the indenture, along with accrued and unpaid curiosity on the Notes to the redemption date of December 23, 2021. The redemption can be funded from the Firm’s out there money balances.
U.S. Financial institution Nationwide Affiliation is the trustee and paying agent with respect to the Notes.
M.D.C. Holdings, Inc. was based in 1972. MDC’s homebuilding subsidiaries, which function underneath the title Richmond American Houses, have constructed and financed the American Dream for greater than 220,000 homebuyers since 1977. MDC’s dedication to buyer satisfaction, high quality and worth is mirrored in every house its subsidiaries construct. MDC is likely one of the largest homebuilders in the USA. Its subsidiaries have homebuilding operations throughout the nation, together with the metropolitan areas of Denver, Colorado Springs, Salt Lake Metropolis, Las Vegas, Phoenix, Tucson, Riverside–San Bernardino, Los Angeles, San Diego, Orange County, San Francisco Bay Space, Sacramento, Washington D.C., Baltimore, Orlando, Jacksonville, Seattle, Portland, Boise, Nashville, Austin and Albuquerque. MDC’s subsidiaries additionally present mortgage financing, insurance coverage and title providers, primarily for Richmond American homebuyers, by way of HomeAmerican Mortgage Company, American Residence Insurance coverage Company, Inc. and American Residence Title and Escrow Firm, respectively. M.D.C. Holdings, Inc. is traded on the New York Inventory Trade underneath the image “MDC.” For extra info, go to www.mdcholdings.com.
SOURCE M.D.C. Holdings, Inc.