Millrose Properties Plans $1 Billion Senior Notes Offering in Two Tranches

Millrose Properties Inc. (MRP) announced on Tuesday, September 22, 2026, plans to offer up to $1 billion in aggregate principal amount of senior notes across two tranches, the real estate company said. Proceeds and specific terms of the offering, including interest rates and maturities for each tranche, were not disclosed. The issuance would add up to $1 billion in senior debt to Millrose's capital structure. The company did not state the intended use of proceeds.