FORT WORTH, Texas, June 29, 2005 /PRNewswire-FirstCall via COMTEX/ -- D.R. Horton, Inc.
(NYSE: DHI) Wednesday (June 29, 2005), announced that it plans to sell
$250 million of senior notes in a registered offering under its effective
shelf registration statement on file with the U.S. Securities and Exchange
Commission. D.R. Horton expects to use the proceeds for general corporate
purposes, including the repayment of existing indebtedness.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )
The proposed offering will be led by Citigroup Global Markets Inc. When
available, a prospectus supplement relating to this proposed offering may be
obtained from Citigroup Global Markets Inc., 140 58th Street, Brooklyn, NY
11220.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy the senior notes, nor shall there be any sale of these
senior notes in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful.
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the
United States, delivering more than 43,000 homes in its fiscal year ended
September 30, 2004. Founded in 1978 in Fort Worth, Texas, D.R. Horton has
expanded its presence to include 67 markets in 21 states in the Midwest, Mid-
Atlantic, Southeast, Southwest and Western regions of the United States. The
Company is engaged in the construction and sale of high quality homes with
sales prices ranging from $80,000 to over $900,000. D.R. Horton also provides
mortgage financing and title services for homebuyers through its mortgage and
title subsidiaries.
WEBSITE ADDRESS: http://www.DRHORTON.com
SOURCE D.R. Horton, Inc.
Stacey H. Dwyer, EVP of D.R. Horton, Inc., +1-817-390-8200
