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Stock impact report

D.R. Horton, Inc., America’s Builder, Announces Pricing of $500 Million of 2.600% Senior Notes Due 2025

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: Business Wire
ARLINGTON, Texas--(BUSINESS WIRE)--D.R. Horton, Inc. (“D.R. Horton” or the “Company”) (NYSE:DHI), America’s Builder, announced that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 2.600% senior notes due 2025. The senior notes will pay interest semi-annually at a rate of 2.600% per year and will mature on October 15, 2025. The closing of the offering is expected to occur on May 5, 2020, subject to the satisfaction of customary closing conditions. D.R. Horton will use the net proceeds of the offering, plus available cash, to repay the borrowings outstanding under its homebuilding revolving credit facility. The Company intends to use any excess net proceeds for general corporate purposes.J.P. Morgan Securities LLC, Mizuho Securities USA LLC, U.S. Bancorp Investments, Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are acting as Joint Book-Running Managers in the transaction.The Company has filed a registration Show less Read more
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