ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
OnJanuary 6, 2021 ,M.D.C. Holdings, Inc. (the "Company") and certain of its subsidiaries entered into an Underwriting Agreement withCitigroup Global Markets Inc. ,U.S. Bancorp Investments, Inc. andTruist Securities, Inc. , as representatives (the "Representatives") of the underwriters named therein, in connection with the offering and sale of an aggregate principal amount of$350 million of 2.500% Senior Notes due 2031 (the "Notes"). The offering is being made pursuant to the Company's registration statement on Form S-3 (Registration No. 333-232327), as supplemented by the prospectus supplement datedJanuary 6, 2021 . The Underwriting Agreement contains customary representations, warranties and agreements by the Company, and customary conditions to closing, indemnification obligations of the Company and the underwriters, including for liabilities under the Securities Act of 1933, other obligations of the parties and termination provisions. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 hereto and incorporated by reference herein. The Company expects to receive net proceeds, after the underwriting discount and estimated offering expenses, of approximately$346.9 million . The offering of the Notes is expected to close onJanuary 11, 2021 .
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits Exhibit Number Description 1.1 Underwriting Agreement dated as of
among the Company, certain of its
subsidiaries as guarantors, and
Citigroup Global Markets Inc. ,
and Truist Securities, Inc. , as representatives of the underwriters named therein 99.1 Press Release dated January 6 , 2021 104 Cover Page Interactive Data file (formatted in Inline XBRL)
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