Company: LEN
Filing Date: 2025-05-19
Form Type: 8-K
Source: 0001628280-25-026533
Chunk: 1

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-19
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01. Other Events.

On May 19, 2025, the Company settled its offering of $700 million aggregate principal amount of the Company’s 5.200% Senior Notes due 2030 (the “ Notes”). The Notes are guaranteed by certain direct or indirect wholly owned subsidiaries of the Company (the “ Guarantors”) listed on Schedule II of the underwriting agreement (the “ Underwriting Agreement”) dated May 12, 2025 among the Company, the Guarantors and BofA Securities, Inc., Goldman Sachs & Co. LLC, J. P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “ Underwriters”), pursuant to which the Company agreed to issue and sell the Notes. The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including the repayment of debt.

The Notes were issued pursuant to the terms of an Indenture, dated as of December 31, 1997, as supplemented by the Fifteenth Supplemental Indenture, dated as of May 19, 2025 (the “ Supplemental Indenture”), among the Company, the Guarantors and The Bank of New York Mellon, as trustee. The offering has been registered under the Securities Act of 1933, as amended (the “ Securities Act”), pursuant to the Company’s registration statement on Form S-3, File No. 333-269537 filed with the U. S. Securities and Exchange Commission (the “ SEC”). The relevant terms of the Notes and the Supplemental Indenture are further described under the caption “ Description of Notes” in the prospectus supplement dated May 12, 2025, filed with the SEC by the Company on May 13, 2025. Such description is incorporated in this Item 8.01 by reference. The Supplemental Indenture (including the form of the Notes and the guarantees) is filed as Exhibits 4.1, 4.2 and 4.3 to this Current Report on Form 8-K and incorporated herein by reference. The description of the Notes and the Supplemental Indenture in this Current Report on Form 8 K is a summary and is qualified in its entirety by the terms of the Supplemental Indenture (including the form of the Notes).

The opinion of Cleary Gottlieb Steen & Hamilton LLP, relating to the validity of the Notes