FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 4, 2015--
D.R. Horton, Inc.
(NYSE:DHI), America’s Builder, announced that it
intends to offer and sell, subject to market and other conditions,
senior unsecured notes due 2020 in an offering registered under the
Company’s currently effective shelf registration statement. The Company
intends to use the net proceeds of the offering for general corporate
Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc.,
Morgan Securities LLC,
RBS Securities Inc.
Wells Fargo Securities,
are acting as Joint Book-Running Managers in the transaction.
Copies of the prospectus supplement and accompanying prospectus
describing the offering may be obtained by visiting EDGAR on the
website at www.sec.gov or by contacting
Citigroup Global Markets Inc.
by telephone at (800)
831-9146 (toll free) or at the following address:
Markets Inc., c/o
Broadridge Financial Solutions,
1155 Long Island
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these senior notes, nor shall there be
any offer, solicitation or sale of these senior notes in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. The senior notes offering is being made only by means of the
prospectus supplement and accompanying prospectus.
Portions of this document may constitute “forward-looking statements” as
defined by the Private Securities Litigation Reform Act of 1995.
believes any such statements are based on
reasonable assumptions, there is no assurance that actual outcomes will
not be materially different. All forward-looking statements are based
upon information available to
on the date this release was
does not undertake any obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
include our intent to offer and sell senior unsecured notes and use the
net proceeds of the offering for general corporate purposes.
Factors that may cause the actual results to be materially different
from the future results expressed by the forward-looking statements
include, but are not limited to: potential deterioration in homebuilding
industry conditions or general economic conditions; the cyclical nature
of the homebuilding industry and changes in economic, real estate and
other conditions; constriction of the credit markets, which could limit
our ability to access capital and increase our costs of capital;
reductions in the availability of mortgage financing and the liquidity
provided by government-sponsored enterprises, the effects of government
programs, a decrease in our ability to sell mortgage loans on attractive
terms or an increase in mortgage interest rates; the risks associated
with our land and lot inventory; home warranty and construction defect
claims; supply shortages and other risks of acquiring land, building
materials and skilled labor; reductions in the availability of
performance bonds; increases in the costs of owning a home; the impact
of an inflationary, deflationary or higher interest rate environment;
the effects of governmental regulations and environmental matters on our
homebuilding operations; the effects of governmental regulation on our
financial services operations; our substantial debt and our ability to
comply with related debt covenants, restrictions and limitations;
competitive conditions within the homebuilding and financial services
industries; our ability to effect our growth strategies or acquisitions
successfully; our ability to realize the full amount of our deferred
income tax assets; the effects of the loss of key personnel; the effects
of negative publicity; and information technology failures and data
security breaches. Additional information about issues that could lead
to material changes in performance is contained in D.R. Horton’s annual
report on Form 10-K and our most recent quarterly report on Form 10-Q,
both of which are filed with the
Securities and Exchange Commission.
D.R. Horton, Inc.
D.R. Horton, Inc.
Jessica Hansen, 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.