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Millrose Properties, Inc. Announces Pricing of Upsized $1.25 Billion Senior Notes Offering

1. Millrose Properties is offering $1.25 billion in Senior Notes. 2. This offering includes a $250 million increase from prior amounts.

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Why Bullish?

The increase in the offering size indicates strong market demand, showing confidence in Millrose's financial health. Historical instances show that successful debt offerings typically bolster stock performance in the real estate sector.

How important is it?

The successful pricing and increase of Senior Notes exemplify investor confidence, potentially enhancing MRP's growth plans. Liquidity generated could be used for strategic acquisitions or operational enhancements, directly influencing MRP's operational capabilities and market perception.

Why Short Term?

The closing of the offering will provide liquidity and may improve immediate investor sentiment. Short-term benefits from increased capital can stimulate stock activity as investors react positively to financial flexibility.

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MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today the pricing of its private offering (the “Offering”) of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the “Notes”), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from August 7, 2025. The Offering is expected to close on August 7,.

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