UCP Announces Completion Of $75M Private Offering Of Senior Notes

UCP, Inc.

(the “Company”) announced that it completed a private offering of $75.0 million aggregate principal amount of its 8.5% Senior Notes due 2017 (the “Notes”) on October 21, 2014. The Notes are guaranteed on a senior unsecured basis by each of the Company's subsidiaries. The Notes and the guarantees are the Company's and the subsidiary guarantors' senior unsecured obligations. The net proceeds from the offering were approximately $72.5 million, after paying the initial purchaser's discount and other estimated offering expenses. The net proceeds from the offering will be used for general corporate purposes, including to provide financing for the construction of homes, acquisition of land, development of lots and working capital. The Notes were offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction. Unless they are registered, the Notes may be offered and resold only in transactions that are exempt from registration under the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.