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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by RTT Staff Writer
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