NYSE:PHMConsumer Durables
Is PulteGroup’s (PHM) $800 Million Refi Quietly Rewriting Its Capital Allocation Playbook?
PulteGroup, Inc. recently completed an US$800 million fixed-rate senior unsecured notes offering, issuing US$400 million of 4.250% notes due 2031 and US$400 million of 4.900% notes due 2036, primarily to refinance debt maturing in 2026 and 2027.
This refinancing and the related shelf registration give PulteGroup added balance sheet flexibility, potentially supporting its ability to fund future land investments, community development, and shareholder returns.
We’ll now examine how...