The luxury homebuilder intends to use
the cash for general corporate purposes and to pay off debt, it said in a release.
Not exact matches
Net
cash proceeds to the company after transaction costs and
cash reserves were $ 236 million, which are available
for general corporate purposes.
Net
cash proceeds to the company after transaction costs,
cash reserves and repayment of amounts outstanding under the company's warehouse credit facility were $ 132 million, which are available
for general corporate purposes.
This transaction generated approximately $ 22.5 million of net
cash proceeds to the company after transaction costs and
cash reserves, which are available
for general corporate purposes.
The
cash received from the Surplus Notes will be used
for general corporate purposes.