D.R. Horton DHI, America's Builder, announced that it has priced
a registered underwritten public offering of $350 million aggregate principal
amount of 4.375% senior notes due 2022. The senior notes will pay interest
semi-annually at a rate of 4.375% per year and will mature on September 15,
2022. The closing of the offering is expected to occur on September 14, 2012,
subject to customary closing conditions. D.R. Horton will use the net proceeds
of the offering for general corporate purposes.
RBS Securities Inc. acted as the Sole Book-Running Manager for the senior
notes offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc.,
J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC
acted as Co-Managers in the transaction.
The Company has filed a registration statement (including a prospectus
supplement) with the Securities and Exchange Commission (SEC) for the offering
to which this press release relates. Copies of the preliminary prospectus
supplement, the accompanying prospectus and when available, the final
prospectus supplement, may be obtained by visiting EDGAR on the SEC's web site
at www.sec.gov, or by contacting RBS Securities Inc. by telephone at (866)
884-2071 or at the following address: RBS Securities Inc., 600 Washington
Boulevard, Stamford, CT 06901 Attn: High Yield Debt Capital Markets Syndicate
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