Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 20

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 20
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 payable, and may be presented for registration of transfer and exchange, without service charge, at the Trustee’s office or agency in New York, New York.

The Notes are initially limited in aggregate principal amount to $700 million, but we may, without notice to or the consent of the
holders, “reopen” the Notes and issue additional Notes at any time on the same terms and conditions (other than the date of issuance and the public offering price and, under certain circumstances, the date from which interest thereon will
begin to accrue and the initial interest payment date) and with the same CUSIP number as the Notes offered by this prospectus supplement (assuming such additional Notes are fungible with the previously issued Notes for U.S. federal income tax
purposes). The Notes and any such additional Notes subsequently issued under the Indenture will be treated as a single class for all purposes under the Indenture, including, without limitation, for purposes of voting, waivers, amendments and
redemptions.

The Notes will mature on July 30, 2030. Interest on the Notes will accrue at 5.200% per annum and will be payable
semi-annually on January 30 and July 30 of each year, commencing on January 30, 2026 (each, an “interest payment date”) and will be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest on the Notes will also be payable on the maturity date and on any earlier redemption date. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if
no interest has been paid, from and including the date of issuance. We will pay interest to the persons in whose names the Notes are registered at the close of business on January 15 and July 15, as applicable, before the interest payment date;
provided that the interest payable at the maturity date or on a redemption date will be paid to the person to whom principal is payable. There is no sinking fund applicable to the Notes.

If any interest payment date, maturity date or redemption date is not a Business Day, then the payment due on such date will be made on the
next Business Day as if made on the date that the payment was due, and no interest will accrue on that payment for the period from the original payment date to the date of that payment on the next Business Day. “Business Day” means each
Monday, Tuesday, Wednesday, Thursday