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

D.R. Horton Inc. (DHI) Broke Out To A New High On Q2 Profit

D.R. Horton Inc. (DHI) Climbed To A New High On Q2 Results

D.R. Horton Inc. (DHI) Has Broken Out To A New High On Q2 Earnings News

D R Horton Q2 13 Earnings Conference Call At 10:00 AM ET

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4/25/2012 2:36 PM ET

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.

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