ARLINGTON, Texas, Sept. 14 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI) Tuesday, (September 14, 2004), announced that it plans to sell
$250 million of senior notes in a registered offering under its effective
shelf registration statement on file with the U.S. Securities and Exchange
Commission. D.R. Horton expects to use the proceeds to repay indebtedness
outstanding under its revolving credit facility.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )
The proposed offering will be led by UBS Securities LLC, as sole
bookrunner, and Wachovia Securities, as co-manager. When available, a
prospectus supplement relating to the proposed offering may be obtained from
UBS Securities LLC, 677 Washington Blvd., Stamford, Connecticut 06901 or
Wachovia Securities, 301 South College St. NC0606, Charlotte, North Carolina
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy the senior notes, nor shall there be any sale of these
senior notes in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful.
Founded in 1978, D.R. Horton, Inc. is engaged in the construction and sale
of high quality homes designed principally for the entry-level and first time
move-up markets. D.R. Horton currently builds and sells homes in 21 states
and 51 markets, with a geographic presence in the Midwest, Mid-Atlantic,
Southeast, Southwest and Western regions of the United States. The Company
also provides mortgage financing and title services for homebuyers through its
mortgage and title subsidiaries.
WEBSITE ADDRESS: http://www.DRHORTON.com
SOURCE D.R. Horton, Inc.
/CONTACT: Stacey H. Dwyer, EVP of D.R. Horton, Inc., +1-817-856-8200/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, email@example.com/
/Web site: http://www.drhorton.com /
CO: D.R. Horton, Inc.; UBS Securities LLC; Wachovia Securities
IN: CST RLT
SU: OFR FNC
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8958 09/14/2004 14:27 EDT http://www.prnewswire.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding D.R. Horton's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.