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Lennar Homebuilding Senior Notes And Other Debts Payable (Tables)
12 Months Ended
Nov. 30, 2017
Debt Disclosure [Abstract]  
Schedule Of Senior Notes And Other Debts Payable
The terms of each of the Company's senior notes outstanding at November 30, 2017 were as follows:
Senior Notes Outstanding (1)
 
Principal Amount
 
Net Proceeds (2)
 
Price
 
Dates Issued
(Dollars in thousands)
 
 
 
 
 
 
 
 
6.95% senior notes due 2018
 
$
250,000

 
243,900

 
98.929
%
 
May 2010
4.125% senior notes due December 2018
 
275,000

 
271,718

 
99.998
%
 
February 2013
4.500% senior notes due 2019
 
500,000

 
495,725

 
(3)

 
February 2014
4.50% senior notes due 2019
 
600,000

 
595,801

 
(4)

 
November 2014, February 2015
2.95% senior notes due 2020
 
300,000

 
298,800

 
100
%
 
November 2017
4.750% senior notes due 2021
 
500,000

 
495,974

 
100
%
 
March 2016
4.125% senior notes due 2022
 
600,000

 
595,160

 
100
%
 
January 2017
4.750% senior notes due 2022
 
575,000

 
567,585

 
(5)

 
October 2012, February 2013, April 2013
4.875% senior notes due December 2023
 
400,000

 
393,622

 
99.169
%
 
November 2015
4.500% senior notes due 2024
 
650,000

 
644,838

 
100
%
 
April 2017
4.750% senior notes due 2025
 
500,000

 
495,528

 
100
%
 
April 2015
4.75% senior notes due 2027
 
900,000

 
894,650

 
100
%
 
November 2017
(1)
Interest is payable semi-annually for each of the series of senior notes. The senior notes are unsecured and unsubordinated, but are guaranteed by substantially all of the Company's 100% owned homebuilding subsidiaries.
(2)
The Company generally uses the net proceeds for working capital and general corporate purposes, which can include the repayment or repurchase of other outstanding senior notes.
(3)
The Company issued $400 million aggregate principal amount at a price of 100% and $100 million aggregate principal amount at a price of 100.5%.
(4)
The Company issued $350 million aggregate principal amount at a price of 100% and $250 million aggregate principal amount at a price of 100.25%.
(5)
The Company issued $350 million aggregate principal amount at a price of 100%, $175 million aggregate principal amount at a price of 98.073% and $50 million aggregate principal amount at a price of 98.250%.
 
November 30,
(Dollars in thousands)
2017
 
2016
6.95% senior notes due 2018
$
249,342

 
248,474

4.125% senior notes due December 2018
274,459

 
273,889

4.500% senior notes due 2019
498,793

 
498,002

4.50% senior notes due 2019
598,325

 
597,474

2.95% senior notes due 2020
298,305

 

4.750% senior notes due 2021
497,329

 
496,547

4.125% senior notes due 2022
595,904

 

4.750% senior notes due 2022
569,484

 
568,404

4.875% senior notes due December 2023
394,964

 
394,170

4.500% senior notes due 2024
645,353

 

4.750% senior notes due 2025
496,671

 
496,226

4.75% senior notes due 2027
892,657

 

4.75% senior notes due December 2017

 
398,479

12.25% senior notes due 2017

 
398,232

Mortgage notes on land and other debt
398,417

 
206,080

 
$
6,410,003

 
4,575,977

Schedule Of Maturities Of Senior Notes And Other Debts Payable
The minimum aggregate principal maturities of senior notes and other debts payable during the five years subsequent to November 30, 2017 and thereafter are as follows:
(In thousands)
Debt
Maturities
2018
$
357,655

2019
1,481,943

2020
371,104

2021
534,095

2022
1,192,260

Thereafter
2,511,447