D.R. Horton Prices $400M of Senior Notes Due 2023

Published July 31, 2013, 5:11 p.m. EDT

1 Min Read

D.R. Horton Inc. has priced a public offering of $400 million aggregate principal amount of 5.75% senior notes due on Aug. 15, 2023.

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The Fort Worth, Texas-based homebuilder said the notes will pay interest semi-annually at a rate of 5.75% per year until maturity.

Net proceeds of the offering, which Horton expects to close the offering on Aug. 5, 2013, will be used “for general corporate purposes.”

Deutsche Bank Securities Inc., Citigroup Global Markets Inc., JPMorgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC served as joint transaction managers in the filing with the Securities and Exchange Commission.

Amilda Dymi

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