Lennar in $600 Million Senior Notes Offering

Cleary Gottlieb represented Lennar Corporation (Lennar) in an SEC-registered offering of $300 million aggregate principal amount of its 5.7% senior notes due 2029, and $300 million aggregate principal amount of its 5.95% senior notes due 2032.

The offering was underwritten by a syndicate of investment banks led by BBVA Securities Inc., BofA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities Inc., and Wells Fargo Securities LLC.

The transaction priced on October 13, 2026, and closed on October 15, 2026.

Lennar, founded in 1954, is one of the nation’s leading homebuilders, having built more than 1.5 million homes for buyers at every stage of life. Lennar builds homes for first-time, move-up and active adult buyers in communities across the United States. Its Financial Services segment provides mortgage financing, title, and closing services primarily for buyers of Lennar’s homes. LENˣ drives Lennar’s technology, innovation, and strategic investments.

The Cleary corporate team included partners Duane McLaughlin, Lillian Tsu, and Shuangjun Wang; counsel Elizabeth Chang; associates Nicholas Pokas, Natasha Rygnestad-Stahl, Alexandra Jimenez, David Rubinstein, and Saleh Ismail; and law clerk Crystal Lee. Partner Matthew Brigham and associate Jack Samuel advised on tax matters, with support from law clerk Alison Cardoso De Oliveira. Partner Amber Phillips and associates Andrew Lindsay and Will Ervin advised on Investment Company Act matters.