LGIH · 10-Q · 2026Q1 · Full report

Senior Notes Offering

LGI Homes, Inc. · 2026-04-28 · Importance 49 · Surprise 6

The company has three outstanding senior note issuances: $400.0 million of 7.000% 2032 Senior Notes issued November 15, 2024; $400.0 million of 8.750% 2028 Senior Notes issued November 21, 2023; and $300.0 million of 4.000% 2029 Senior Notes issued June 28, 2021. Interest on these notes is payable semi‑annually and the notes mature in 2028, 2029 and 2032 respectively, with terms governed by the company’s senior indentures and supplemental indentures. These fixed‑rate note balances represent a significant portion of the company’s long‑term funded debt and influence interest expense, maturity profile and refinancing risk. The notes are guaranteed by subsidiaries that guarantee obligations under the Credit Agreement and are issued under Rule 144A/Reg S placements.

Key facts

• On June 28, 2021, LGI Homes issued $300.0 million aggregate principal amount of 4.000% Senior Notes due 2029.
• On November 15, 2024, LGI Homes issued $400.0 million aggregate principal amount of 7.000% Senior Notes due 2032.
• On November 21, 2023, LGI Homes issued $400.0 million aggregate principal amount of 8.750% Senior Notes due 2028.
• Interest on the 2029 Senior Notes accrues at 4.000% per annum and is payable semi-annually on January 15 and July 15 of each year.
• The terms of the 2032 Senior Notes are governed by an Indenture dated July 6, 2018 and a Fifth Supplemental Indenture dated November 15, 2024.
• The terms of the 2028 Senior Notes are governed by an Indenture dated July 6, 2018 and a Fourth Supplemental Indenture dated November 21, 2023.
• The terms of the 2029 Senior Notes are governed by an Indenture dated July 6, 2018 and a Third Supplemental Indenture dated June 28, 2021.
• The 2028 Senior Notes mature on December 15, 2028.

Impact estimates