Lennar settles $600 million in senior notes due 2029 and 2032

Lennar settled on October 15, 2026, its offering of two series of senior notes, $300 million of 5.700% Senior Notes due 2029 and $300 million of 5.950% Senior Notes due 2032, for a combined total of $600 million. The company agreed to issue and sell the notes under an underwriting agreement dated October 13, 2026, with 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 serving as representatives of the underwriters.

Certain direct or indirect wholly owned subsidiaries of the company guarantee the notes. The notes were issued under an indenture dated December 31, 1997, as supplemented by the Sixteenth Supplemental Indenture and the Seventeenth Supplemental Indenture, both dated October 15, 2026. The Bank of New York Mellon is the trustee.

Lennar said it intends to use the net proceeds of the offering for general corporate purposes. According to the filing, the offering was registered under the Securities Act of 1933 on Form S-3, File No. 333-294985, and the terms of the notes are described in a prospectus supplement dated October 13, 2026.