Summary
D.R. Horton, Inc. (DHI) filed an 8-K on January 12, 2004, to disclose information related to the issuance of $200 million in 5.0% Senior Notes due 2009. This filing serves to incorporate by reference several key exhibits that detail the terms and conditions of this debt offering. Investors should note that this filing primarily provides documentation for a significant financing event. The included exhibits, such as the Underwriting Agreement and the Supplemental Indenture, outline the specifics of the debt issuance, including the parties involved, the interest rate, maturity date, and the legal opinions supporting the transaction. The company also provided a statement on the computation of its earnings to fixed charges ratio, which is important for assessing its ability to service its debt obligations.
Key Highlights
- 1D.R. Horton, Inc. has issued $200,000,000 in aggregate principal amount of 5.0% Senior Notes due 2009.
- 2The company filed a prospectus supplement on January 8, 2004, under its Form S-3 registration statement for this offering.
- 3Key documents filed as exhibits include the Underwriting Agreement (dated January 6, 2004), the Eighteenth Supplemental Indenture, and a legal opinion from Gibson, Dunn & Crutcher LLP.
- 4The filing also includes a statement of computation of ratios of earnings to fixed charges, providing insight into the company's debt servicing capabilities.
- 5The issuance of senior notes represents a significant debt financing event for the company.
- 6Citigroup Global Markets Inc. acted as the underwriter for this debt offering.