Dream Finders Homes shares rise 1.86% intraday after announcing a $300 million senior notes offering.

Dream Finders Homes, Inc. rose 1.86% in intraday trading, with the company announcing the pricing of its private offering of $300 million aggregate principal amount of 6.875% senior unsecured notes due 2030. The company expects the net aggregate proceeds of the offering to be approximately $295 million, after the underwriting discount and estimated offering expenses. The company intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its existing revolving credit facility.