ARLINGTON, Texas, May 13 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI) Tuesday (May 13, 2003), announced the results of the Company's
offer to purchase the Zero Coupon Convertible Senior Notes Due 2021 issued by
the Company. The note holders' option to surrender their notes for purchase
by the Company expired at 5 p.m. New York City time, May 12, 2003.
D.R. Horton has been advised by the paying agent, American Stock Transfer
& Trust Company, that none of the holders of the Zero Coupon Convertible
Senior Notes presented their notes for purchase by the Company. At expiration
of the offer, $381,113,000 of the Zero Coupon Convertible Senior Notes at
maturity in 2021 remain outstanding and subject to their existing terms.
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 under the D.R.
Horton, Arappco, Cambridge, Continental, Dietz-Crane, Dobson, Emerald, Melody,
Milburn, Schuler, SGS Communities, Stafford, Torrey, Trimark, and Western
Pacific names in 20 states and 44 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.
www.DRHORTON.com
SOURCE D.R. Horton, Inc.
