Core Points - The Company announced an extension of the Expiration Date for its cash tender offer to purchase Landsea Homes' outstanding 8.875% Senior Notes due 2029 and to solicit consents from holders of the Notes [1][2] Group 1: Tender Offer Details - The Expiration Date has been extended from June 11, 2025, to June 23, 2025, unless further extended or terminated [2] - As of the current date, the Company received tenders and consents from holders amounting to $293,848,000, which is approximately 97.95% of the total outstanding principal amount of the Notes [3] - The consideration payable for the Notes includes $994.38 for each $1,000 in principal amount, with an Early Participation Premium of $50, leading to a total consideration of $1,044.38 for those who tendered by the Early Tender Date [3][4] Group 2: Conditions and Amendments - The consummation of the Tender Offer is subject to certain conditions, including the completion of a Merger and a financing condition [7] - The Company intends to extend the Expiration Date until the closing of the Merger, and it reserves the right to waive any conditions to the Tender Offer [7] - A supplemental indenture was entered into on May 29, 2025, to effect proposed amendments, which will only become operative if a majority of the Notes are accepted for purchase [7][8]

NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Lido Merger Sub, Inc. (the “Company”) announced today that, according to information provided by Global Bondholder Services Corporation, the Information and Tender Agent for the Company’s previously announced cash tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”), as of 5:00 p.m., New York City time, on May 29, 2025, the Company had received tenders and consents from holders of $293,848,000 in aggregate principal amount of Land ...

Core Viewpoint - The Company is extending the Early Tender Date for its cash tender offer to purchase Landsea Homes' outstanding 8.875% Senior Notes due 2029 and is increasing the Tender Consideration and Total Consideration payable in connection with the Tender Offer [1][3]. Group 1: Tender Offer Details - The Early Tender Date has been extended from May 27, 2025, to May 29, 2025, at 5:00 p.m. New York City time [2]. - The Tender Consideration for the 8.875% Senior Notes is set at $994.38 per $1,000 in principal amount, with an Early Participation Premium of $50.00, bringing the Total Consideration to $1,044.38 [3][4]. - Holders whose Notes are accepted will receive accrued and unpaid interest up to the settlement date [5]. Group 2: Conditions and Future Actions - The consummation of the Tender Offer is subject to certain conditions, including the completion of a Merger, expected to close early in the third quarter of 2025 [7]. - If the requisite consents for the Notes are not obtained and the Merger is completed, the Company will initiate a "Change of Control Offer" to repurchase the Notes [7][8]. - The Total Consideration offered is higher than the repurchase price under the Change of Control Offer as per the Indenture [8].

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Lido Merger Sub, Inc. (the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of Landsea Homes Corporation’s (“Landsea Homes”) outstanding 8.875% Senior Notes due 2029 (the “Notes”). In connection with the Tender Offer, the Company is also soliciting the consents of holders of the Notes to certain proposed amendments to the indenture governing the Notes (the “Consent Solicitation”). The Company is comme ...