Moody's says The New Home Company's ratings unchanged following acquisition announcement by Apollo
Announcement: Moody's says The New Home Company's ratings unchanged following acquisition announcement by Apollo. Global Credit Research- 26 Jul 2021. New York, July 26, 2021-- Moody's Investors Service said The New Home Company, Inc.' s ratings, including the B3 Corporate Family Rating, B3 senior unsecured notes rating and stable outlook remain unchanged following the announcement that the company has entered into a definitive merger agreement with funds managed by...The New Home Company is a homebuilder focused on the design, construction and sale of homes in metropolitan areas within select growth markets in California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area. The company's operations are organized into three segments: two homebuilding segments (Arizona and California) and fee building. The company's homebuilding operations acquire and develop land and construct and sell single-family attached and detached homes and may sell land. The company's fee building operations build homes and manage construction and sales related activities on behalf of third-party property owners and its joint ventures.
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