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LGI Homes ( (LGIH) ) has shared an update.
LGI Homes, Inc. has announced a $400 million offering of 7.000% Senior Notes due 2032, aimed at institutional buyers and select non-U.S. investors. The funds raised will be used to repay part of the company’s revolving credit facility. This move reflects LGI Homes’ strategic financial management, as the firm continues to expand its homebuilding operations across 36 markets in 21 states, bolstered by its reputation for quality and innovation.
Learn more about LGIH stock on TipRanks’ Stock Analysis page.
