Century Communities Announces Launch of its New Issuance of Senior Notes due 2027

GREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–Century Communities, Inc. (NYSE: CCS), a leading national homebuilder,
today announced that it has launched an offering of $400 million in
aggregate principal amount of new Senior Notes due 2027 (the “Notes”).

The net proceeds from the offering are expected to be used to finance
the Company’s cash tender offer (the “Tender Offer”) for any and all of
the $385.0 million aggregate principal amount of the Company’s 6.875%
Senior Notes due 2022 (the “2022 Notes”) outstanding. To the extent that
less than all of the $385.0 million aggregate principal amount of the
2022 Notes are tendered in the Tender Offer, the Company intends to
redeem all of the remaining outstanding 2022 Notes using a portion of
the net proceeds from the offering of the Notes. Following the Tender
Offer and any redemption thereafter, the Company intends to use the
remaining net proceeds from the offering, if any, for general corporate

Consummation of the offering of the Notes and the Tender Offer are
subject to market and other conditions, and there can be no assurance
that Century Communities will be able to successfully complete these
transactions on the terms described above, or at all.

This press release does not constitute an offer to sell or buy, or
the solicitation of an offer to buy or sell any security, and shall not
constitute an offer, solicitation, sale or purchase of any securities in
any jurisdiction in which such offering, solicitation, sale or purchase
would be unlawful.

The Notes mentioned herein have not been and will not be registered
under the Securities Act of 1933, as amended (the “Securities Act”), any
state securities laws or the laws of any other jurisdiction, and may not
be offered or sold in the United States absent registration or an
applicable exemption from such registration requirements.
Notes mentioned herein may be offered and sold in the United States only
to persons reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act, and outside the
United States in reliance on Regulation S under the Securities Act.

The Tender Offer mentioned herein will be conducted in accordance
with a separate Offer to Purchase relating thereto.

About Century Communities

Century Communities, Inc. (NYSE: CCS) is a top 10 national home builder.
Century Communities is engaged in all aspects of homebuilding, including
the acquisition, entitlement and development of land, along with the
construction, innovative marketing and sale of quality homes designed to
appeal to a wide range of homebuyers. The Colorado-based Company sells
its Century Communities and Wade Jurney Homes in 15 states across the
West, Mountain, Texas and Southeast U.S. regions and offers title,
insurance, and lending services in select markets through its Parkway
Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries. To
learn more about Century Communities, please visit www.centurycommunities.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking
statements based on current expectations.
By their nature,
forward-looking statements require us to make assumptions and are
subject to important known and unknown risks and uncertainties, which
may cause our actual results in future periods to differ materially from
those set forth in the forward-looking statements.


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