Builder D.R. Horton Plans Two Note Offerings

Builder D.R. Horton Inc. plans to offer and sell, subject to market conditions, two types of senior unsecured notes totaling in aggregate several hundred million dollars.

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The company plans to issue senior unsecured notes due in 2020 that total in aggregate principal amount about $300 million.

It also plans to issue senior unsecured notes due in 2025 totaling $400 million in aggregate principal.

D.R. Horton plans to use the proceeds for general corporate purposes and offer both transactions under its currently effective shelf registration.

Acting as join book-running managers in the transaction are JPMorgan, Citigroup, Deutsche Bank, RBS, UBS and Wells Fargo.

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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