California-based William Lyon Homes (NYSE: WLH) has announced its intention, subject to market and other conditions, to privately offer (i) $250 million in aggregate principal amount of senior notes due 2022 through its wholly owned subsidiary, WLH PNW Finance Corp., and (ii) $50 million in aggregate principal amount of additional 5.75% senior notes due 2019 through its wholly owned subsidiary, William Lyon Homes, Inc., as detailed in the press release below issued by the company. William Lyon Homes intends to use the proceeds from these offerings to finance a portion of the purchase price of its previously announced acquisition of the residential homebuilding business of Polygon Northwest Homes, which is expected to close on or before August 15, 2014, subject to the satisfaction of certain closing conditions.

Latham & Watkins LLP represent William Lyon Homes in the notes offerings and the Polygon acquisition with a corporate team led from the firm's Orange County office by partners Cary Hyden and Michael Treska, with associates Drew Capurro and Darren Guttenberg. Advice has also been provided by partners David Meckler in Orange County and Glen Collyer in Los Angeles on real estate and finance matters related to the acquisition, and by partner Ana O’Brien and associate Eric Song in Los Angeles on tax matters. For further information, please contact Cary Hyden at +1.714.755.8254 or Michael Treska at +1.714.755.8197.