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D.R. Horton Plans $300 Mln Senior Notes Offering

Homebuilder D.R. Horton, Inc. (DHI: Quote) said Wednesday that it plans to offer and sell about $300 million in aggregate principal amount of senior unsecured notes.

The company said it plans to use the net proceeds of the offering for general corporate purposes.

by RTT Staff Writer

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This footwear company outperformed in the latest first quarter, despite significant headwinds from a strong U.S. dollar, slowdown at the west coast ports and seasonably cold weather in certain key markets and less efficient operations than originally anticipated at the company's European distribution center. UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year.
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