What changed
Millrose plans to offer $500.0 million of senior notes due 2029 and $500.0 million due 2031, subject to market conditions. Net proceeds, together with $500 million drawn under its delayed draw term loan facility, will fund general corporate purposes, potentially including homesite acquisitions from the combined Dream Finders Homes and Beazer Homes entity, and repay borrowings under its revolving credit facility, which had $850 million principal outstanding as of September 21, 2026. If the Dream Finders Transaction is not consummated by May 13, 2027, Millrose will redeem $500 million of the 2031 Notes.
Why it matters
Millrose plans to offer $500.0 million of senior notes due 2029 and $500.0 million due 2031, subject to market conditions. Net proceeds, together with $500 million drawn under its delayed draw term lo
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Sep 22, 2026 08:27 PM ET