FORT WORTH, Texas, Mar 16, 2011 (BUSINESS WIRE) --
D.R. Horton, Inc. (NYSE:DHI), America's Builder, today announced that it
is calling all of its 5.375% Senior Notes due June 15, 2012 ("the
Notes") for full redemption on April 15, 2011 in accordance with the
terms of the indenture governing the Notes. The Notes will be redeemed
at a redemption price that will include a premium based on the present
values of the remaining scheduled payments on the Notes as described in
the indenture, together with accrued and unpaid interest on the Notes to
the redemption date of April 15, 2011. The principal amount of the Notes
outstanding on March 15, 2011 was $112,279,000.
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the
United States, based on its 18,983 homes closed in the twelve-month
period ended December 31, 2010. Founded in 1978 in Fort Worth, Texas,
D.R. Horton has operations in 72 markets in 26 states in the East,
Midwest, Southeast, South Central, Southwest and West regions of the
United States. The Company is engaged in the construction and sale of
high quality homes with sales prices ranging from $90,000 to over
$700,000. D.R. Horton also provides mortgage financing and title
services for homebuyers through its mortgage and title subsidiaries.
SOURCE: D.R. Horton, Inc.
D.R. Horton, Inc.
Stacey Dwyer, EVP, 817-390-8200
"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.