William Lyon Homes Announces Pricing of Secondary Offering of 3,322,666 Shares of Class A Common Stock Offered by Paulson & C...
September 13 2017 - 07:03PM
Business Wire
William Lyon Homes (NYSE: WLH) (the “Company”) today announced
the pricing of the previously announced underwritten public
offering by an entity affiliated with Paulson & Co. Inc.
(“Seller”) of 3,322,666 shares of the Company’s Class A Common
Stock in a registered public offering. The Company will not sell
any shares in this offering or receive any portion of the proceeds
from this offering. The offering is expected to close on or about
September 18, 2017, subject to customary closing conditions.
Credit Suisse is acting as sole book-running manager and
underwriter for the offering, and may offer the shares of the
Company’s Class A Common Stock purchased from Seller from time to
time for sale in one or more transactions on the NYSE, in the
over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated
prices.
The offering of these securities is being made pursuant to a
shelf registration statement which was declared effective by the
Securities and Exchange Commission (“SEC”) on March 20, 2014. A
preliminary prospectus supplement relating to the offering has been
filed with the SEC. Copies of the preliminary prospectus supplement
related to the offering and accompanying prospectus may be obtained
by contacting Credit Suisse Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, New York,
10010, or by telephone at +1 (800) 221-1037, or by email at
newyork.prospectus@credit-suisse.com.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any Class A Common Stock, and shall
not constitute an offer or a solicitation of an offer to buy, or a
sale of, the Class A Common Stock in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
state or any jurisdiction.
Forward-Looking Statements
Statements contained in this release that state the Company’s or
management’s intentions, expectations or predictions of the future
are forward-looking statements. Specifically, the Company cannot
assure you that the proposed transaction described above will be
consummated on the terms currently contemplated, if at all. The
forward-looking statements involve risks and uncertainties and
actual results may differ materially from those projected or
implied. Additional information concerning factors that could cause
actual results to differ materially is contained from time to time
in the Company’s filings with the Securities Exchange Commission,
including, but not limited to, the Company’s annual report on Form
10-K for the year ended December 31, 2016, and its quarterly
reports on Form 10-Q for the quarters ended March 31, 2017 and June
30, 2017. The Company disclaims any intention or obligation to
revise any forward-looking statements, including financial
estimates, whether as a result of new information, future events or
otherwise.
About William Lyon Homes
William Lyon Homes is one of the largest Western U.S. regional
homebuilders. Headquartered in Newport Beach, California, the
Company is primarily engaged in the design, construction, marketing
and sale of single-family detached and attached homes in
California, Arizona, Nevada, Colorado, Washington and Oregon. Its
core markets include Orange County, Los Angeles, the Inland Empire,
the San Francisco Bay Area, Phoenix, Las Vegas, Denver, Portland
and Seattle. The Company has a distinguished legacy of more than 60
years of homebuilding operations, over which time it has sold in
excess of 100,000 homes. The Company markets and sells its homes
under the William Lyon Homes brand in all of its markets except for
Washington and Oregon, where the Company operates under the Polygon
Northwest brand.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170913006584/en/
Investor RelationsFinancial Profiles, Inc.Larry
Clark310-622-8223WLH@finprofiles.com
William Lyon Homes (NYSE:WLH)
Historical Stock Chart
From Feb 2024 to Mar 2024
William Lyon Homes (NYSE:WLH)
Historical Stock Chart
From Mar 2023 to Mar 2024