Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 26

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 26
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 the Revolving Credit Agreement guarantee $75 million or more of such other Indebtedness. Therefore, as of
the Issue Date, only those Subsidiaries that guarantee the Revolving Credit Agreement guarantee the Existing Notes and will guarantee the Notes.

If any guarantor is released from its guarantee under or otherwise no longer guarantees any Credit Facility (to the extent such guarantor
guarantees any Credit Facility) or any Capital Markets Indebtedness which resulted in the obligation to provide such guarantee, that guarantor will automatically be released from its obligations as a guarantor under the Indenture, and from and after
the date of that release, that guarantor will cease to constitute a guarantor of the Notes and will not be a Restricted Subsidiary.

The
Indenture will provide that if all or substantially all of the assets of any guarantor or all of the capital stock of any guarantor is sold (including by consolidation, merger, issuance or otherwise) or disposed of (including by liquidation,
dissolution or otherwise) by us or any of our Subsidiaries (other than in each case to us or an affiliate of ours or any of our Subsidiaries), then that guarantor or the Person acquiring those assets (in the event of a sale or other disposition of
all or substantially all of the assets of the guarantor) will be deemed automatically and unconditionally released and discharged from all of its obligations under the Indenture without any further action on the part of the Trustee or any holder of
the Notes.

Change of Control Offer

If a Change of Control Triggering Event occurs, unless we have exercised our option to redeem the Notes by notifying the noteholders to that
effect as described above, we will be required to make an offer (a “Change of Control Offer”) to each holder of Notes to repurchase all or any part of that holder’s Notes on the terms set forth in the Notes. In a Change of Control
Offer, we will be required to offer payment in cash equal to 101% of the aggregate principal amount of the Notes repurchased, plus any accrued and unpaid interest on the Notes that are repurchased to, but excluding, the repurchase date (a
“Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at our option, prior to any Change of Control, but after public

S-15

announcement of the transaction that constitutes or may constitute the Change of Control,