$MRP (MILLROSE PROPERTIES) — 8-K: Millrose Prices $1.0 Billion Senior Notes Offering in Two Tranches

Millrose priced $500.0 million of 6.500% senior notes due 2029 and $500.0 million of 6.750% senior notes due 2031, both at 100.000% of principal. Net proceeds, plus $500 million drawn under its delayed draw term loan facility, will fund general corporate purposes, potentially including homesite acquisitions tied to the Dream Finders Transaction, and repay borrowings under its revolving credit facility, which had $850 million outstanding as of September 21, 2026. If the Dream Finders Transaction does not close by May 13, 2027, Millrose will use a portion of proceeds to redeem all outstanding 2031 Notes. The offering is expected to close October 6, 2026.

Millrose priced $500.0 million of 6.500% senior notes due 2029 and $500.0 million of 6.750% senior notes due 2031, both at 100.000% of principal. Net proceeds, plus $500 million drawn under its delaye