NVR Reports Offering of Notes Due 2022
NVR (NYSE: NVR), one of the nation's largest homebuilding companies, announced its intention to offer, subject to market and other conditions, senior notes due 2022 in a registered underwritten public offering. The notes will be unsecured, unsubordinated obligations of NVR.
NVR intends to use the net proceeds from the offering for general corporate purposes, which may include repurchases of its common shares.
The offering is being made pursuant to an automatic shelf registration statement which was filed with the Securities and Exchange Commission today. A preliminary prospectus supplement and related prospectus relating to the public offering have been filed with the Securities and Exchange Commission.
Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are serving as the joint book-running managers for the offering.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.