Senior Notes

3 Months Ended

Mar. 31, 2022

The carrying values of our senior notes as of March 31, 2022 and December 31, 2021, net of any unamortized debt issuance costs or discount, were as follows:


	March 31, 2022		December 31, 2021

	(Dollars in thousands)
3.850% Senior Notes due January 2030, net	$	297,760	$	297,699
2.500% Senior Notes due January 2031, net	347,197		347,126
6.000% Senior Notes due January 2043, net	490,956		490,903
3.966% Senior Notes due August 2061, net	346,063		346,053
Total	$	1,481,976	$	1,481,781

Our senior notes are not secured and, while the senior note indentures contain some restrictions on secured debt and other transactions, they do not contain financial covenants. Our senior notes are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by most of our homebuilding segment subsidiaries.

In January 2021, we completed an offering of $350.0 million of 2.500% senior notes due January 2031 at 100% of par. In August 2021, the Company issued $350.0 million of 3.966% senior notes due August 2061 at 100% of par. We used the net proceeds for general corporate purposes, which included the retirement of our 5.500% senior notes discussed further below, which were scheduled to mature in January 2024.

In September 2021, we accelerated the retirement of $123.6 million of our 5.500% senior notes scheduled to mature in January 2024 through a cash tender offer. The retirement resulted in a loss of $12.2 million, which included the write-off of debt issuance costs and transaction fees. In December 2021, we accelerated the retirement of the remaining $126.4 million of our 5.500% senior notes pursuant to their optional redemption provisions. This retirement resulted in a loss of $11.4 million, which included the write-off of debt issuance costs and transaction fees.