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FWP Filing
Tri Pointe Homes (TPH) FWPFree writing prospectus
Filed: 5 Jun 17, 12:00am
Filed pursuant to Rule 433
Issuer Free Writing Prospectus, dated June 5, 2017
Supplementing the Preliminary Prospectus Supplement, dated June 5, 2017
Registration No. 333-211523
TRI Pointe Group, Inc.
$300,000,000 5.25% Senior Notes due 2027
Pricing Supplement
The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement.
The aggregate principal amount of notes to be issued in the offering increased from $250,000,000 to $300,000,000. The increased amount of $50,000,000 will be funded to the balance sheet and be used for general corporate purposes. The information in the Preliminary Prospectus Supplement (including, but not limited to, the financial information in the capitalization table and use of proceeds) is deemed to have changed to the extent affected by the increase in the size of the offering of the Notes.
Issuer | TRI Pointe Group, Inc. | |||
Title of Securities | 5.25% Senior Notes due 2027 | |||
Aggregate Principal Amount | $300,000,000, which represents an increase of $50,000,000 from the offering size in the Preliminary Prospectus Supplement. | |||
Maturity Date | June 1, 2027 | |||
Coupon | 5.25% | |||
Public Offering Price | 100.00% plus accrued interest, if any, from June 8, 2017 | |||
Yield to Maturity | 5.25% | |||
Spread to Benchmark Treasury | +308 basis points | |||
Benchmark Treasury | 2.375% due May 15, 2027 | |||
Interest Payment Dates | June 1 and December 1 of each year, beginning on December 1, 2017 | |||
Record Dates | May 15 and November 15 of each year | |||
Optional Redemption | Make-whole call at T+50 bps. Par call on or after December 1, 2026 (six months prior to the maturity date of the notes) | |||
Underwriting Discount | 1.00% | |||
Trade Date | June 5, 2017 | |||
Settlement Date | June 8, 2017, (T+3) | |||
Expected Ratings | Ba3/BB- | |||
CUSIP/ISIN Numbers | CUSIP: 87265H AF6 | ISIN: US87265HAF64 | ||
Joint Book-Running Managers | J.P. Morgan Securities LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Wells Fargo Securities, LLC U.S. Bancorp Investments, Inc. |
Co-Managers | Fifth Third Securities, Inc. Zelman Partners, LLC |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus and a related prospectus supplement) with the United States Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents TRI Pointe Group, Inc. has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website atwww.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by calling J.P. Morgan Securities LLC at 1-866-803-9204 or at the following address: J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.