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July 04, 2015 8:00 AM ET

Household Durables

Company Overview of Shea Homes Limited Partnership

Company Overview

Shea Homes Limited Partnership acquires and develops land; and constructs and sells residential homes. It operates in Southern California, San Diego, Northern California, Mountain West, South West, and East segments. The company designs, builds, and markets single-family detached and/or attached homes under the Shea Homes, Trilogy, SPACES, and Shea 3D brand names. It also develops and sells land to other homebuilders; and provides insurance brokerage services. The company serves entry, move-up, luxury, and active lifestyle buyers. J.F. Shea, G.P. serves as the general partner of the company. Shea Homes Limited Partnership was founded in 1968 and is based in Walnut, California.

655 Brea Canyon Road

Walnut, CA 91789

United States

Founded in 1968

668 Employees

Phone:

909-594-9500

Key Executives for Shea Homes Limited Partnership

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Age: 56
President of Shea Homes San Diego
President of Northern California
President of Southern California
Compensation as of Fiscal Year 2015.

Shea Homes Limited Partnership Key Developments

Shea Homes Limited Partnership, Q1 2015 Earnings Call, May 07, 2015

Shea Homes Limited Partnership, Q1 2015 Earnings Call, May 07, 2015

Shea Homes Limited Partnership and Shea Homes Funding Corp. Announce Expiration of Their Tender Offer and Consent Solicitation for 8.625% Senior Secured Notes Due 2019

Shea Homes Limited Partnership and Shea Homes Funding Corp. announced the expiration and final results of their previously announced cash tender offer and consent solicitation for any and all of their $750 million outstanding principal amount of their 8.625% senior secured notes due 2019. The Offer expired at 11:59 p.m., New York City time, on April 3, 2015. As of March 20, 2015, holders of $682,232,000 in aggregate principal amount of the notes, representing approximately 90.96% of the aggregate principal amount of the outstanding notes, had validly tendered and not validly withdrawn such notes, and validly delivered and not validly revoked consents in respect of such notes to the proposed amendments to the Indenture governing the notes. All such notes were accepted for payment. On March 23, 2015, the holders of the accepted notes received total consideration of $1,053.07 for each $1,000 in principal amount of notes validly tendered and not validly withdrawn prior to the Consent Payment Deadline, plus any accrued and unpaid interest up to, but not including, the Initial Payment Date. Between the Consent Payment Deadline and the Expiration Date, no additional notes were tendered. The Issuers engaged J.P. Morgan Securities LLC to act as the dealer manager and solicitation agent for the tender offer and the consent solicitation, and D.F. King & Co. Inc. to serve as the tender and information agent for the tender offer and the consent solicitation.

Shea Homes Limited Partnership and Shea Homes Funding Corp. Commence Cash Tender Offer for Senior Secured Notes Due 2019

Shea Homes Limited Partnership and Shea Homes Funding Corp. announced they have commenced a cash tender offer for any and all of the $750 million outstanding principal amount of their 8.625% senior secured notes due 2019. In connection with the tender offer, the issuers are also soliciting consents for certain amendments to the indenture governing the notes. The tender offer and the consent solicitation are being made upon the terms and subject to the conditions described in the company's offer to purchase and consent solicitation statement dated march 9, 2015 and the related consent and letter of transmittal. The tender offer will expire on April 3, 2015, unless extended or earlier terminated. Holders who validly tender their notes and provide their consents to the proposed amendments to the Indenture prior to March 20, 2015, unless extended or earlier terminated, will be eligible to receive the total consideration offered in the tender offer equaling $1,053.07 per $1,000 principal amount of the notes, which includes a consent payment of $20.00 per $1,000 principal amount of the notes. Holders who validly tender their notes after the consent payment deadline, but prior to the expiration time, will be eligible to receive the tender offer consideration offered in the tender offer, which equals $1,033.07 per $1,000 principal amount of the notes, but will not be eligible to receive the consent payment. In addition, holders whose notes are purchased in the tender offer will receive accrued and unpaid interest on their purchased notes up to, but not including, the applicable settlement date for such notes.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 12, 2015
Meadow Walk
 

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