KB Home Announces Final Results of Its Tender Offers
KB Home (NYSE: KBH), one of the nation's premier homebuilders, today announced the expiration and final results of its tender offers to purchase up to $100 million in aggregate principal amount (the “Maximum 2014 Amount”) of its 5¾% Senior Notes due 2014 (the “2014 Note Tender Offer”) and up to $340 million, less any amount accepted in the 2014 Note Tender Offer, in aggregate principal amount (the “Maximum 2015 Amount”) of its 5⅞% Senior Notes due 2015 and 6¼% Senior Notes due 2015 on an equal-priority basis. The tender offers were made pursuant to an Offer to Purchase dated January 19, 2012 and a related Letter of Transmittal, each as amended by a press release issued on February 1, 2012, which set forth a more detailed description of the terms of the tender offers.
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