Lennar in $700 Million Offering

Cleary Gottlieb represented Lennar Corporation (Lennar) in an SEC-registered offering of $700 million aggregate principal amount of its 5.2% senior notes due 2030.

This is Lennar’s first SEC-registered debt offering in over eight years.

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

The transaction priced on May 12, 2025, and closed on May 19, 2025.

Lennar, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. It builds affordable, move-up, and active adult homes primarily under the Lennar brand name. Its Financial Services segment provides mortgage financing, title, and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN^x drives Lennar’s technology, innovation, and strategic investments.