Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade DHI now with 

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.

Click here to receive FREE breaking news email alerts for D R Horton Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.