M.D.C. Holdings Announces Offering of Additional $100 Million of 6.000% Senior Notes Due 2043

M.D.C. Holdings Announces Offering of Additional $100 Million of 6.000% Senior
                                Notes Due 2043

PR Newswire

DENVER, May 8, 2013

DENVER, May 8, 2013 /PRNewswire/ --M.D.C. Holdings, Inc. (NYSE: MDC) today
announced the pricing of a public offering of an additional $100 million
principal amount of its 6.000% senior notes due January 2043 (the "Notes") at
par, bringing the total outstanding principal amount of the Notes to $350
million. MDC completed the offering of the initial $250 million principal
amount on January 10, 2013. The additional Notes will be general unsecured
obligations of MDC and will rank equally and ratably with its other general
unsecured and unsubordinated indebtedness. Also, the additional Notes will be
fully guaranteed on an unsecured basis, jointly and severally, by most of the
Company's homebuilding subsidiaries. MDC will use the proceeds of the
additional offering for general corporate purposes.The additional offering is
expected to close on May 13, 2013, subject to customary closing conditions.

The additional Notes will be issued pursuant to an effective shelf
registration statement and are being offered by means of the Prospectus
included in the registration statement and the related Prospectus
Supplement.The additional offering is being underwritten by Citigroup Global
Markets Inc.Copies of the Prospectus and the Prospectus Supplement relating
to the additional offering may be obtained at no charge by visiting the SEC
website at www.sec.govor by contacting Citigroup Global Markets Inc. at the
following address: Citigroup Global Markets Inc. c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; telephone: (800)
831-9146.

This press release shall not constitute an offer to sell the additional Notes,
nor shall there be any sale of these notes in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.

About MDC

Since 1972, MDC's subsidiary companies have built and financed the American
dream for more than 170,000 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 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.



SOURCE M.D.C. Holdings, Inc.

Website: http://www.mdcholdings.com
Contact: Robert N. Martin, Vice President of Finance and Corporate Controller,
(720) 977-3431, bob.martin@mdch.com
 
Press spacebar to pause and continue. Press esc to stop.