Note 24 - Subsequent Events

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

24. Subsequent Events

On January 9, 2020, we completed an offering of $300 million of 3.850% senior notes (3.850% Notes) due January 2030 at 100% of par. The 3.850% Notes, which pay interest semi-annually in arrears on January 15 and July 15 of each year, are general unsecured obligations of MDC and rank equally and ratably with our other general unsecured and unsubordinated indebtedness. We received proceeds of $298.1 million, net of underwriting discount of $1.9 million. We will use the proceeds of the offering for general corporate purposes, including repayment of debt.