Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated May 25, 2016
Relating to Preliminary Prospectus Supplement dated May 25, 2016
Registration No. 333-207309
CalAtlantic Group, Inc.
| Issuer: |
CalAtlantic Group, Inc. | |||
| Security Description: |
Senior Notes | |||
| Distribution: |
SEC Registered | |||
| Face: |
$300,000,000 | |||
| Gross Proceeds: |
$300,000,000 | |||
| Net Proceeds to Issuer (before expenses): |
$298,050,000 | |||
| Coupon: |
5.250% | |||
| Maturity: |
June 1, 2026 | |||
| Offering Price: |
100.000% | |||
| Yield to Maturity: |
5.250% | |||
| Spread to Treasury: |
+338 bps | |||
| Benchmark: |
UST 1.625% due May 15, 2026 | |||
| Interest Payment Dates: |
June 1 and December 1 | |||
| Beginning: |
December 1, 2016 | |||
| Optional Redemption: |
Makewhole call @ T+50 bps; par call beginning December 1, 2025 | |||
| Change of Control Triggering Event: |
Put @ 101% of principal plus accrued interest | |||
| Trade Date: |
May 25, 2016 | |||
| Settlement Date: |
May 31, 2016 | |||
| CUSIP: |
128195AN4 | |||
| ISIN: |
US128195AN49 | |||
| Denominations: |
2,000x1,000 | |||
| Joint-bookrunners: |
J.P. Morgan Securities LLC Citigroup Global Markets Inc. Mizuho Securities USA Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Credit Suisse Securities (USA) LLC Wells Fargo Securities, LLC |
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| Co-managers: |
BNP Paribas Securities Corp. SunTrust Robinson Humphrey, Inc. Comerica Securities, Inc. U.S. Bancorp Investments, Inc. |
Terms used but not defined herein shall have the meaning ascribed to them in the Preliminary Prospectus Supplement.
This communication is intended for the sole use of the person to whom it is provided by the sender. This material is confidential and is for your information only and is not intended to be used by anyone other than you. This information does not purport to be a complete description of the notes or the offering. This communication does not constitute an offer to sell or the solicitation of an offer to buy any notes in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.
CalAtlantic Group, Inc. has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus (including the preliminary prospectus supplement) in that registration statement and other documents CalAtlantic Group, Inc. has filed with the SEC for more complete information about CalAtlantic Group, Inc. and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies of the prospectus relating to the offering may be obtained from your sales representative J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179 or toll free at 1-800-999-2000.
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