8-KOther Events

HORTON D R INC /DE/ 8-K Report (Jul 9, 2004)

Filed July 9, 2004For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on July 9, 2004, to report on the issuance of $200,000,000 principal amount of its 6.125% Senior Notes due 2014. This filing includes key documents related to this debt offering, such as the Underwriting Agreement, the Nineteenth Supplemental Indenture governing the notes, and legal opinions. The issuance of these notes represents a significant financing event for the company, providing capital that could be used for various corporate purposes, including general business operations, expansion, or refinancing existing debt. Investors should note that the specific use of proceeds is not detailed in this 8-K, but the company's ability to secure this level of financing indicates confidence in its financial standing at the time. The filing also includes the computation of the company's ratios of earnings to fixed charges, a metric crucial for assessing its ability to service its debt obligations. This information is vital for understanding the company's leverage and financial health.

Key Highlights

  • 1D.R. Horton, Inc. issued $200,000,000 in aggregate principal amount of 6.125% Senior Notes due 2014.
  • 2The notes were offered under a Registration Statement on Form S-3.
  • 3Key documents filed alongside the 8-K include the Underwriting Agreement, the Nineteenth Supplemental Indenture, and a legal opinion from Gibson, Dunn & Crutcher LLP.
  • 4The filing incorporates by reference the Underwriting Agreement dated July 6, 2004, with Citigroup Global Markets Inc.
  • 5The Nineteenth Supplemental Indenture details the terms and conditions for the 6.125% Senior Notes due 2014.
  • 6The company has provided a statement of computation for its ratios of earnings to fixed charges, essential for debt servicing analysis.

Frequently Asked Questions

This 8-K filing primarily announces and provides documentation for the issuance of $200,000,000 in 6.125% Senior Notes due 2014 by D.R. Horton, Inc.

The filing includes or references the Underwriting Agreement, the Nineteenth Supplemental Indenture for the Senior Notes, a legal opinion from Gibson, Dunn & Crutcher LLP, and the computation of ratios of earnings to fixed charges.

The issuance of $200 million in senior notes suggests that D.R. Horton, Inc. was able to secure significant debt financing, which could be used for expansion, operational needs, or refinancing. It indicates a level of financial capacity and market access at the time of the filing.

More details about the terms of the 6.125% Senior Notes due 2014 can be found in the Nineteenth Supplemental Indenture, which is filed as an exhibit to this 8-K filing.