KB Home Raises $350M Via Debt Offering

  • KB Home KBH has commenced a public offering of $350.0 million of senior unsecured notes due 2030.
  • KB Home intends to use the net proceeds from this offering, together with cash on hand, toward the retirement of its outstanding 7.5% Senior Notes due 2022 and for general corporate purposes.
  • The company held $240.7 million in cash and equivalents as of February 28, 2022.
  • Price Action: KBH shares are trading higher by 0.21% at $33.43 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!