Millrose Properties Sells $1.0 Billion Senior Notes in Two Tranches, Adds SMR to 2031s
Millrose Properties (MRP) raised $1.0 billion via private senior notes: $500M at 6.500% due 2029 and $500M at 6.750% due 2031. The 2031 notes include a mandatory redemption if a merger isn't completed by 2027. Citibank acted as trustee, and proceeds aim to raise long-term capital.


