AV Homes Announces Closing of Private Placement of Senior Notes
2014年7月1日 - 5:30AM
AV Homes, Inc. (Nasdaq:AVHI) ("AV Homes" or the "Company")
announced today that it has closed its previously announced private
offering of $200 million of 8.500% Senior Notes due 2019 (the
"Notes"). As previously announced, the Notes were priced to
investors at 100.000% of their principal amount.
The Company intends to use the proceeds from this offering for
general corporate purposes, which may include land purchases, land
development and financing homebuilding and acquisitions.
The notes and related guarantees were sold to qualified
institutional buyers in reliance on the exemption from registration
set forth in Rule 144A under the Securities Act, and outside the
United States, to non-U.S. persons in reliance on the exemption
from registration set forth in Regulation S under the Securities
Act. The notes and the related guarantees have not been registered
under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from such
registration requirements.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sales of the notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
This press release is being issued pursuant to, and in accordance
with, Rule 135(c) under the Securities Act of 1933, as amended.
About AV Homes
AV Homes, Inc. is engaged in homebuilding, community development
and land sales in Florida, Arizona and North Carolina. Its
principal operations are conducted near Orlando, Florida, Phoenix,
Arizona and Raleigh and Charlotte, North Carolina. The Company
builds communities that serve active adults 55 years and older and
people of all ages. AV Homes common shares trade on NASDAQ under
the symbol AVHI.
This news release contains "forward-looking statements" within
the meaning of the U.S. federal securities laws, which statements
may include information regarding the plans, intentions,
expectations, future financial performance, or future operating
performance of AV Homes, Inc. Forward-looking statements are based
on the expectations, estimates, or projections of management as of
the date of this news release. Although our management believes
these expectations, estimates, or projections to be reasonable as
of the date of this news release, forward-looking statements are
inherently subject to significant business risks, economic and
competitive uncertainties, or other contingencies which could cause
our actual results or performance to differ materially from what
may be expressed or implied in the forward-looking statements.
Important factors that could cause our actual results or
performance to differ materially from our forward-looking
statements include those set forth in the "Risk Factors" section of
our Annual Report on Form 10-K for the year ended December 31,
2013, our Quarterly Report on Form 10-Q for the quarter ended March
31, 2014 and in our other filings with the Securities and Exchange
Commission, which filings are available on www.sec.gov. AV Homes
disclaims any intention or obligation to update or revise any
forward-looking statements to reflect subsequent events and
circumstances, except to the extent required by applicable law.
CONTACT: Investor Contact:
Mike Burnett
EVP, Chief Financial Officer
480-214-7408
m.burnett@avhomesinc.com
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