8-KOther Events

HORTON D R INC /DE/ 8-K Report (Sep 11, 2000)

Filed September 11, 2000For Securities:DHI

Summary

This Form 8-K filing by D.R. Horton, Inc. (DHI) on September 11, 2000, primarily announces the execution of key agreements related to its debt financing. The company entered into an Underwriting Agreement on September 6, 2000, with Salomon Smith Barney Inc., indicating a planned offering of securities, likely for raising capital. Further details are provided regarding the company's debt structure with the execution of an Indenture and a First Supplemental Indenture on September 11, 2000, with American Stock Transfer and Trust Company as Trustee. These documents relate to the issuance of Senior Subordinated Debt Securities and specifically the 9-3/4% Senior Subordinated Notes due 2010. This signals a significant financing event for D.R. Horton, Inc., aimed at funding its operations or expansion.

Key Highlights

  • 1D.R. Horton, Inc. entered into an Underwriting Agreement with Salomon Smith Barney Inc. on September 6, 2000.
  • 2The company executed an Indenture for Senior Subordinated Debt Securities on September 11, 2000.
  • 3A First Supplemental Indenture was executed on September 11, 2000, specifically for 9-3/4% Senior Subordinated Notes due 2010.
  • 4American Stock Transfer and Trust Company is named as the Trustee for these debt issuances.
  • 5The filing includes a statement of computation of ratios of earnings to fixed charges, providing insight into the company's debt servicing ability.
  • 6A statement of eligibility of trustee on Form T-1 is also included, a standard regulatory filing for trust indentures.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose material events related to D.R. Horton, Inc.'s financing activities, specifically the execution of an Underwriting Agreement and Indentures for new debt securities.

D.R. Horton, Inc. is issuing Senior Subordinated Debt Securities, with a specific mention of 9-3/4% Senior Subordinated Notes due 2010.

Salomon Smith Barney Inc. is acting as the underwriter for the securities offering, and American Stock Transfer and Trust Company is serving as the Trustee for the Senior Subordinated Debt Securities.

This statement provides investors with information on how well the company's earnings can cover its fixed financial obligations, such as interest payments. It's a key metric for assessing financial risk and debt servicing capacity.