Lennar Homebuilding Senior Notes And Other Debts Payable (Tables)

12 Months Ended

Nov. 30, 2015

Debt Disclosure [Abstract]

Schedule Of Senior Notes And Other Debts Payable

	November 30,
(Dollars in thousands)	2015		2014
6.50% senior notes due 2016	$	249,905	249,735
12.25% senior notes due 2017	396,252		394,415
4.75% senior notes due 2017	397,736		396,994
6.95% senior notes due 2018	247,632		246,816
4.125% senior notes due 2018	273,319		272,747
4.500% senior notes due 2019	497,210		496,419
4.50% senior notes due 2019	596,622		347,027
2.75% convertible senior notes due 2020	233,225		429,005
3.25% convertible senior notes due 2021	398,194		393,721
4.750% senior notes due 2022	567,325		566,243
4.875% senior notes due 2023	393,545		—
4.750% senior notes due 2025	495,784		—
5.60% senior notes due 2015	—		500,092
Mortgages notes on land and other debt	278,381		368,052
	$	5,025,130	4,661,266

Senior and Convertible Notes Terms

The terms of each of the Company's senior and convertible senior notes outstanding at November 30, 2015 were as follows:

Senior and Convertible Senior Notes Outstanding (1)	Principal Amount		Net Proceeds (2)		Price		Dates Issued
(Dollars in thousands)
6.50% senior notes due 2016	$	250,000	$	248,900	99.873	%	April 2006
12.25% senior notes due 2017	400,000		386,700		98.098	%	April 2009
4.75% senior notes due 2017	400,000		395,900		100	%	July 2012, August 2012
6.95% senior notes due 2018	250,000		243,900		98.929	%	May 2010
4.125% senior notes due 2018 (3)	275,000		271,718		99.998	%	February 2013
4.500% senior notes due 2019	500,000		495,725		(4)		February 2014
4.50% senior notes due 2019	600,000		595,801		(5)		November 2014, February 2015
2.75% convertible senior notes due 2020 (6)	446,000		436,400		100	%	November 2010
3.25% convertible senior notes due 2021	400,000		391,600		100	%	November 2011, December 2011
4.750% senior notes due 2022 (3)	575,000		567,585		(7)		October 2012, February 2013, April 2013
4.875% senior notes due 2023	400,000		393,622		99.169	%	November 2015
4.750% senior notes due 2025	500,000		495,528		100	%	April 2015

(1) Interest is payable semi-annually for each of the series of senior and convertible senior notes. The senior and convertible 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) During 2013, the Company incurred additional interest with respect to the 4.125% senior notes due 2018 and the 4.750% senior notes due 2022 because the registration statements relating to the notes did not become effective by, and the exchange offers were not consummated by, the dates specified in the Registration Rights Agreement related to such notes.

(4) 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%.

(5) 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%.

(6) As of November 30, 2015, the principal amount outstanding for the 2.75% convertible senior notes was $233.9 million.

(7) 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%.

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, 2015 and thereafter are as follows:

(In thousands)	Debt Maturities (1)
2016	$	374,665
2017	489,285
2018	655,824
2019	1,377,857
2020	2,857
Thereafter	2,161,026

(1) Some of the debt maturities included in these amounts relate to convertible senior notes that are putable to the Company at earlier dates than in this table, as described in the detailed description of each of the convertible senior notes.