Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 25

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 25
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sidiaries that are guaranteeing the Notes, subject to limitations intended to prevent the guarantees from constituting fraudulent conveyances or fraudulent transfers under federal or state law.

The Indenture will require that, except as described below, each of our existing and future wholly-owned (i.e., directly or indirectly 100%
owned) Subsidiaries guarantee the Notes if that Subsidiary guarantees any Credit Facilities or any Capital Markets Indebtedness of us (i.e. Lennar Corporation) or guarantees the obligations of any Subsidiary as a guarantor of our (i.e., Lennar
Corporation’s) Credit Facilities or Capital Markets Indebtedness, in each case, individually in an aggregate principal amount in excess of $100 million (each such Subsidiary, a “guarantor”). At the date of this prospectus
supplement, all of our wholly-owned Subsidiaries (other than our Subsidiaries that (1) engage in the mortgage banking business, (2) own, finance, manage or service real estate assets, (3) engage in the development, investment and
management of commercial or mixed use properties, (4) engage in the development, investment and management of multi-family rental properties, (5) engage in the installation, development, ownership, servicing, sale or lease of solar power
systems or sale of solar power, (6) are prohibited from delivering a guarantee by law, rule, regulation or an agreement, or (7) individually have a net worth of less than $100 million and collectively have an aggregate net worth of
not more than $500 million) guarantee our obligations under the Revolving Credit Agreement (see “Other Indebtedness”). Accordingly, all of the Subsidiaries that guarantee our obligations under the Revolving Credit Agreement will guarantee
the Notes as of the Issue Date. Pursuant to the terms of the indentures governing each of the Existing Notes, the guarantee of any Subsidiary that provided a guarantee of such Existing Notes is automatically suspended, and such Subsidiary does not
constitute a guarantor and does not have any obligations with regard to such Existing Notes, during any period for which such Subsidiary guarantees less than $75 million of our obligations and any Subsidiary’s obligations as a guarantor of
our obligations (without duplication) other than the Existing Notes. As of the Issue Date, none of the Subsidiaries that do not guarantee