Feb 10, 2026 (MarketLine via COMTEX) --
PulteGroup announced the pricing of an underwritten public offering of $800 million of senior unsecured notes, consisting of $400 million of 4.250% notes due March 1, 2031 and $400 million of 4.900% notes due March 1, 2036.
The senior notes due 2031 were offered to the public at 99.658% of the principal amount and have a yield to maturity of 4.326% and the senior notes due 2036 were offered to the public at 99.038% of the principal amount and have a yield to maturity of 5.023%. The offering is expected to close on or about February 20, 2026, subject to customary closing conditions.
PulteGroup intends to use the net proceeds of the offering to repay at maturity all $251.9 million principal amount of its outstanding 5.500% senior notes due March 2026 and to redeem in full prior to maturity all $337.3 million principal amount of its outstanding 5.000% senior notes due January 2027 and, in each case, to pay any premium and accrued interest in respect thereof. PulteGroup intends to use any remaining net proceeds for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, BBVA Securities Inc. and Citizens JMP Securities, LLC are serving as joint book-running managers for the offering, and Fifth Third Securities, Inc., Regions Securities LLC, TD Securities (USA) LLC, TCBI Securities, Inc., d/b/a Texas Capital Securities, Huntington Securities, Inc. and Zions Direct, Inc. are serving as co-managers.
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COMTEX_474979414/2227/2026-03-10T03:13:14
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