FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 4, 2015--
D.R. Horton, Inc.
(NYSE:DHI), America’s Builder, announced that it has
priced a registered underwritten public offering of
$500 million
aggregate principal amount of 4.000% senior notes due 2020. The senior
notes will pay interest semi-annually at a rate of 4.0% per year and
will mature on
February 15, 2020. The closing of the offering is
expected to occur on
February 9, 2015, subject to customary closing
conditions.
D.R. Horton
will use the net proceeds of the offering for
general corporate purposes.
Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc.,
J.P.
Morgan Securities LLC,
RBS Securities Inc.
and
Wells Fargo Securities,
LLC
are acting as Joint Book-Running Managers in the transaction.
The Company has filed a registration statement (including a prospectus
supplement) with the
Securities and Exchange Commission
(SEC) for the
offering to which this press release relates. Copies of the preliminary
prospectus supplement, the accompanying prospectus and when available,
the final prospectus supplement, may be obtained by visiting EDGAR on
the
SEC's
website at www.sec.gov,
by contacting
Citigroup Global Markets Inc.
by telephone at (800)
831-9146 (toll free) or at the following address:
Citigroup Global
Markets Inc., c/o
Broadridge Financial Solutions,
1155 Long Island
Avenue,
Edgewood, NY
11717.
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 that the closing of the offering is expected to occur on
February 9, 2015, subject to customary closing conditions, and that
D.R.
Horton
will 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.
Source:
D.R. Horton, Inc.
D.R. Horton, Inc.
Jessica Hansen, 817-390-8200
Vice President
of Communications
[email protected]
