Ryland Group Completes Offering Of $250 Mln Senior Notes

Ryland Announces Prices $250 Mln Convertible Senior Notes Offering

Ryland Group Q1 13 Earnings Conference Call At 12:00 PM ET

Ryland Turns To Profit In Q1

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9/21/2012 2:27 PM ET

Ryland Group Inc. (RYL: Quote) Friday said it completed its offering and sale of $250 million senior notes due 2022.

The notes will pay interest semi-annually on April 1 and October 1, beginning on April 1, 2013, at a rate of 5.375% per year. The notes will mature on October 1, 2022.

Ryland plans to use the proceeds for general corporate purposes, which may include repayment or repurchase of outstanding indebtedness.

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