Exhibit 99.1
Projected Payment Schedule
Lennar Corp.
2.00% Convertible Senior Notes due 2020
Date | Note | Projected Payments | |||||
5/4/2010 | $ | 1,000.00 | $ | 1,000.00 | |||
12/1/2010 | $ | 1,000.00 | $ | (11.50 | ) | ||
6/1/2011 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2011 | $ | 1,000.00 | $ | (10.00 | ) | ||
6/1/2012 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2012 | $ | 1,000.00 | $ | (10.00 | ) | ||
6/1/2013 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2013 | $ | 1,000.00 | $ | (10.00 | ) | ||
6/1/2014 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2014 | $ | 1,000.00 | $ | (10.00 | ) | ||
6/1/2015 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2015 | $ | 1,000.00 | $ | (10.00 | ) | ||
6/1/2016 | $ | 1,000.00 | $ | (10.00 | ) | ||
12/1/2016 | $ | 1,000.00 | $ | (13.06 | ) | ||
6/1/2017 | $ | 1,000.00 | $ | (13.20 | ) | ||
12/1/2017 | $ | 1,000.00 | $ | (13.34 | ) | ||
6/1/2018 | $ | 1,000.00 | $ | (13.48 | ) | ||
12/1/2018 | $ | 1,000.00 | $ | (13.63 | ) | ||
6/1/2019 | $ | 1,000.00 | $ | (13.79 | ) | ||
12/1/2019 | $ | 1,000.00 | $ | (13.96 | ) | ||
6/1/2020 | $ | 1,000.00 | $ | (14.13 | ) | ||
12/1/2020 | $ | 1,000.00 | $ | (1,815.51 | ) | ||
IRR | 7.50 | % |