logo
Share SHARE
FONT-SIZE Plus   Neg

D.R. Horton Prices Upsized $350 Mln Senior Notes Offering

Homebhuilder D.R. Horton, Inc. (DHI: Quote) said Wednesday that it has priced a registered underwritten public offering of $350 million aggregate principal amount of 4.750% senior notes due 2017.

The company said earlier Wednesday that it plans to offer to offer and sell about $300 million in aggregate principal amount of senior unsecured notes.

The senior notes will pay interest semi-annually at a rate of 4.750% per year and will mature on May 15, 2017.

The closing of the offering is expected to occur on May 1.

D.R. Horton will use the net proceeds of the offering for general corporate purposes.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC acted as joint book-running managers for the senior notes offering.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fiat Chrysler Automobiles NV (FCAU) is recalling nearly 26 thousand Chrysler 200s to fix a transmission issue that may prevent the vehicle from shifting into "park." Chrysler said that certain 2015-model year Chrysler 200 vehicles with V6 engines were affected. Chrysler blamed "inconsistent assembly... Gap reported an increase in fourth-quarter profit, as same store sales climbed 11 percent at its Old Navy brand, partly offset by currency impact. Earnings for the quarter topped Wall Street estimates by a penny, while sales were in line with expectations. J.C. Penney Co. Inc. (JCP) Thursday reported a swing to loss in the fourth-quarter from a profit last year, reflecting the absence of benefits from hefty tax gains recorded last year, despite a higher-than-expected revenue growth. Shares of the struggling department store chain plunged a near 10 percent,...
comments powered by Disqus
RELATED NEWS
Trade DHI now with 
Follow RTT