Cahill represented the lead arrangers in connection with an amendment and restatement and $350 million upsize of the existing $250 million revolving credit facility for The New Home Company, Inc. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $300 million aggregate principal amount of 8.5% senior notes due 2030 by The New Home Company Inc. and represented the Dealer Managers in connection with Lido Merger Sub, Inc.'s offer to purchase for cash any and all of the $300 million aggregate principal amount of outstanding 8.875% Senior Notes due 2029 issued by Landsea Homes Corporation.
Proceeds from the credit facility will be used for general corporate purposes. Proceeds from the offering were used for certain debt refinancing and the acquisition by New Home Company Inc. of Landsea Homes Corporation. The Tender Offer was made in connection with the acquisition of Landsea Homes Corporation and its subsidiaries.
The New Home Company, Inc. is a western regional builder and real estate development company.
Landsea Homes Corporation is a growth-oriented homebuilder focused on providing high performance homes that deliver energy efficient living in attractive geographies.