Ryland Files Shelf Registration Statement With The Securities and Exchange Commission

Apr 03, 2001, 01:00 ET from The Ryland Group, Inc.

    CALABASAS, Calif., April 3 /PRNewswire/ -- The Ryland Group (NYSE:   RYL)
 today announced the filing with the Securities and Exchange Commission of a
 $200 million shelf registration statement of debt or equity securities of the
 Corporation, bringing the total available for issuance to $250 million.  After
 the registration statement becomes effective, Ryland can offer the registered
 securities from time to time at prices and on terms to be determined at the
 time of offering for general corporate purposes including capital
 expenditures, repayment of debt and other business opportunities.  Ryland may
 sell the securities directly or through agents, underwriters, or dealers.
     Prior to the time the registration statement becomes effective, the
 securities may not be sold nor may offers to buy be accepted.  This press
 release shall not constitute an offer to sell or the solicitation of an offer
 to buy.
 
     With headquarters in Southern California, Ryland is one of the nation's
 largest homebuilders and a leading mortgage-finance company.  The Company
 currently operates in 21 markets across the country and has built more than
 175,000 homes and financed over 155,000 mortgages since its founding in 1967.
 
 

SOURCE The Ryland Group, Inc.
    CALABASAS, Calif., April 3 /PRNewswire/ -- The Ryland Group (NYSE:   RYL)
 today announced the filing with the Securities and Exchange Commission of a
 $200 million shelf registration statement of debt or equity securities of the
 Corporation, bringing the total available for issuance to $250 million.  After
 the registration statement becomes effective, Ryland can offer the registered
 securities from time to time at prices and on terms to be determined at the
 time of offering for general corporate purposes including capital
 expenditures, repayment of debt and other business opportunities.  Ryland may
 sell the securities directly or through agents, underwriters, or dealers.
     Prior to the time the registration statement becomes effective, the
 securities may not be sold nor may offers to buy be accepted.  This press
 release shall not constitute an offer to sell or the solicitation of an offer
 to buy.
 
     With headquarters in Southern California, Ryland is one of the nation's
 largest homebuilders and a leading mortgage-finance company.  The Company
 currently operates in 21 markets across the country and has built more than
 175,000 homes and financed over 155,000 mortgages since its founding in 1967.
 
 SOURCE  The Ryland Group, Inc.