CalAtlantic Prices Notes Offering

CalAtlantic Group, a diversified home builder, said late Tuesday that it has priced its public offering of $350 million aggregate principal amount of 5% senior unsecured notes due 2027.

The company intends to use the net proceeds for general corporate purposes, which may include land acquisitions, land development, home construction, share repurchases and debt repayments. The offering, which has been upsized from $300 million, is expected to close on June 9, subject to customary closing conditions.

By Stephen Holmes