UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): February 24, 2014
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M.D.C. Holdings, Inc. |
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(Exact name of registrant as specified in its charter)
Delaware |
1-8951 |
84-0622967 |
(State or other |
(Commission file number) |
(I.R.S. employer |
jurisdiction of |
identification no.) | |
incorporation) |
4350 South Monaco Street, Suite 500, Denver, Colorado 80237 |
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(Address of principal executive offices) (Zip code) |
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Registrant’s telephone number, including area code: (303) 773-1100 |
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Not Applicable |
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01. OTHER EVENTS
On February 24, 2014, M.D.C. Holdings, Inc. announced that it will redeem all of its outstanding 5.375% Senior Notes due 2014, which total $250 million, on March 25, 2014. The 2014 Notes will be redeemed pursuant to their optional redemption provisions. A copy of the press release dated February 24, 2014 related to the announcement of the redemption is attached as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. |
Description |
99.1 |
Press release dated February 24, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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M.D.C. HOLDINGS, INC. |
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Dated: February 24, 2014 |
By: |
/s/ Joseph H. Fretz |
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Joseph H. Fretz |
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Secretary and Corporate Counsel |
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Exhibit Index
Exhibit No. |
Description |
99.1 |
Press release dated February 24, 2014 |
Exhibit 99.1
M.D.C. HOLDINGS, INC.
News Release
M.D.C. HOLDINGS ANNOUNCES OPTIONAL REDEMPTION OF
ALL OUTSTANDING 5.375% SENIOR NOTES DUE DECEMBER 2014
DENVER, COLORADO, Monday, February 24, 2014. M.D.C. Holdings, Inc. (NYSE: MDC) today announced that it will redeem all of its outstanding 5.375% Senior Notes due December 2014 (the “2014 Notes”), which total $250.0 million, on March 25, 2014. The 2014 Notes will be redeemed pursuant to their optional redemption provisions at a redemption price that will include a premium based on the present value of the remaining scheduled payments on the 2014 Notes as described in the indenture, together with accrued and unpaid interest on the Notes to the redemption date of March 25, 2014. The redemption will be funded from the Company's available cash balances.
About MDC
Since 1972, MDC's subsidiary companies have built and financed the American dream for more than 175,000 homebuyers. MDC's commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Francisco Bay Area, Washington D.C., Baltimore, Philadelphia, Jacksonville, Orlando, South Florida and Seattle. The Company's subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit www.mdcholdings.com.
Contact: Robert N. Martin
Vice President of Finance and Corporate Controller
(720) 977-3431
bob.martin@mdch.com