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GREENWOOD VILLAGE, Colo. - Century Communities, Inc. (NYSE:CCS), a homebuilder with a market capitalization of $1.96 billion and trading at an attractive P/E ratio of 7.66, announced Wednesday it has launched a private offering of $500 million in senior notes due 2033 to qualified institutional buyers and certain non-U.S. persons.
The homebuilder plans to use the proceeds, along with cash on hand, to redeem all $500 million of its outstanding 6.750% Senior Notes due 2027. The new notes will be guaranteed on an unsecured senior basis by certain of the company’s current and future subsidiaries. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 5.37, indicating robust ability to meet short-term obligations.
Century Communities has delivered a conditional notice of redemption for the 2027 notes, setting October 3, 2025, as the redemption date. The redemption is contingent upon the successful completion of the new notes offering.
The offering and redemption are subject to market conditions, with no guarantee that the transactions will be completed as described. The new notes and related guarantees have not been and will not be registered under the Securities Act of 1933.
Century Communities operates in 16 states across 45 markets through its Century Communities and Century Complete brands. The company is engaged in all aspects of homebuilding, including land acquisition, development, construction, marketing, and sales. It also offers mortgage, title, insurance brokerage, and escrow services in select markets through its subsidiaries. InvestingPro analysis indicates the company is currently undervalued, with additional insights available in the comprehensive Pro Research Report, part of the coverage of 1,400+ US equities.
This information is based on a press release statement from Century Communities.
In other recent news, Century Communities reported strong financial results for the second quarter of 2025, significantly surpassing earnings expectations. The homebuilder posted an adjusted earnings per share of $1.37, exceeding the forecast of $1.12 by 22.32%. Revenue reached $1 billion, surpassing projections of $919.8 million by 8.72%. Additionally, Century Communities announced a quarterly cash dividend of $0.29 per share, payable on September 10, 2025, to stockholders of record as of August 27, 2025. In another development, S&P Global Ratings revised its outlook on Century Communities to negative from stable, although all other ratings were affirmed. The rating agency anticipates the company’s adjusted year-end debt balance to decrease to between $1.3 billion and $1.4 billion by June 30, 2025. These recent developments highlight significant financial and strategic activities within Century Communities.
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