FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 19, 2014--
D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced that it
intends to offer and sell, subject to market and other conditions,
approximately $400 million aggregate principal amount of senior
unsecured notes due 2019 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 purposes.
Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Deutsche
Bank Securities Inc., J.P. Morgan Securities LLC and RBS Securities Inc.
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 SEC's
web site at www.sec.gov
or by contacting Wells Fargo Securities, LLC by telephone at(704)
410-4760 or (866) 309-6316 (toll free) or at the following address: 550
South Tryon Street, Charlotte, North Carolina 28202, Attention: High
Yield Syndicate.
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.
Although D.R. Horton 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 D.R. Horton on the date this release was
issued. D.R. Horton 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 and the current weak U.S. economy; 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 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; the effects of the loss of key personnel; the impact of an
inflationary or deflationary environment; our ability to realize the
full amount of our deferred income tax assets; 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.
Source: D.R. Horton, Inc.
D.R. Horton, Inc.
Jessica Hansen, 817-390-8200
Vice President
of Communications
