FONT-SIZE Plus   Neg

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

Homebhuilder D.R. Horton, Inc. (DHI) 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

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing... Campbell Soup Co. (CPB) reported first-quarter adjusted earnings per share of $0.95, an increase of 22 percent from $0.78, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special...
comments powered by Disqus
Trade DHI now with 
Follow RTT