Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 9

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 9
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 the sum of the present values of the remaining 
 scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) as described in “Description of Notes—Redemption at Our Option,” less (b) interest accrued 
 to the date of redemption, and (2) 100% of the principal amount of the Notes to be redeemed, plus, in either case, any accrued and unpaid interest thereon to, but excluding, the redemption date.                                  |

| On or after the Par Call Date, we may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued 
 and unpaid interest thereon to, but excluding, the redemption date.                                                                                                                                                       |

| See “Description of Notes—Redemption at Our Option.” |

S-4

| Offer to Repurchase Upon a Change of Control Triggering Event | If there is a Change of Control Triggering Event, we will be required to make an offer to repurchase all the outstanding Notes at a price in cash equal to 101% of the aggregate principal amount of the Notes, plus any accrued and unpaid interest 
 on the Notes to, but excluding, the repurchase date. See “Description of Notes—Change of Control Offer.”                                                                                                                                             |

| Certain Indenture Provisions | The indenture governing the Notes will contain covenants limiting our and some of our subsidiaries’ ability to create liens securing indebtedness or enter into sale and leaseback transactions. These covenants are subject to important 
 exceptions and qualifications. See “Description of Notes—Certain Covenants.”                                                                                                                                                              |

| Governing Law | State of New York. |

| Trustee | The Bank of New York Mellon. |

| Use of Proceeds | We expect to receive net proceeds of approximately $693.1 million from the sale of the Notes after deducting the underwriting discount and certain expenses of the offering. We intend to use the net proceeds of this offering for general corporate 
 purposes, including the repayment of debt. See “Use of Proceeds.”                                                                                                                                                                                     |

| Form and Denomination | The Notes will be issued in minimum denominations of $2,000 and in integral multiples of $1,000 in excess of that amount. |

| Trading | The Notes will not be listed on any securities exchange or included in any automated quotation system. The Notes will be