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Century Communities Announces Closing 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 successfully closed its private offering of
$500 million in aggregate principal amount of new Senior Notes due 2027
(the “Notes”).

The Company intends to use the net proceeds from the offering to finance
its previously announced 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 to finance
the repayment of a portion of the outstanding debt under its revolving
credit facility.

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.
The
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 is being conducted in accordance
with a separate Offer to Purchase relating thereto.
The
redemption of the 2022 Notes, if required, will be made pursuant to a
notice of redemption under the indenture governing the 2022 Notes.

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.

Contacts

Investor Relations:
303-268-8398
InvestorRelations@CenturyCommunities.com

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