William Lyon Homes announced that it has priced a private offering of $300.0 million in aggregate principal amount of 6.625% senior notes due 2027 through its wholly owned subsidiary, William Lyon Homes, Inc. The company expects to close this offering on July 9, 2019, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from this offering, as well as cash on hand, to redeem $300.0 million in aggregate principal amount of California Lyon’s $350.0 million of outstanding 7.00% senior notes due 2022. The Company intends to repay the remaining outstanding $50.0 million in aggregate principal amount of the 7.00% senior notes due 2022 with free cash flow in a subsequent period as part of its overall deleveraging strategy. The 2027 notes are being offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S under the Securities Act. The 2027 notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.