PULTEGROUP INC/MI/ 8-K

What Happened
PulteGroup, Inc. announced that it entered into an underwriting agreement for an $800.0 million aggregate principal amount senior unsecured notes offering and delivered a notice to redeem all outstanding 5.000% Senior Notes due 2027. The offering consists of $400.0 million of 4.250% Senior Notes due 2031 and $400.0 million of 4.900% Senior Notes due 2036, and is expected to close on February 20, 2026, subject to customary conditions. The company delivered a Redemption Notice on February 11, 2026 to redeem all $337.3 million outstanding of the 2027 Notes on March 13, 2026; the redemption will be at 100% of principal plus the applicable make-whole premium and accrued interest. The underwriting syndicate is led by J.P. Morgan, BofA Securities, Truist Securities and U.S. Bancorp Investments.

Key Details

• Total new notes offering: $800.0 million (two tranches: $400M 4.250% due 2031; $400M 4.900% due 2036).
• Expected closing date of the offering: February 20, 2026 (subject to customary closing conditions).
• Redemption: all $337.3 million of 5.000% Senior Notes due 2027 scheduled to be redeemed on March 13, 2026 at 100% of principal plus make-whole premium and accrued interest.
• Use of proceeds: company intends to use a portion of net proceeds from the offering to finance the redemption of the 2027 Notes.

Why It Matters
This action replaces near-term debt maturing in 2027 with longer-dated debt (2031 and 2036), which materially extends PulteGroup’s debt maturities and affects its upcoming refinancing needs. Investors should note the company will pay a make‑whole premium to redeem the 2027 notes and will incur the stated coupons on the new notes (4.250% and 4.900%). The offering and redemption are concrete capital markets moves that impact PulteGroup’s debt profile and interest obligations.