Summary
D.R. Horton, Inc. (DHI) announced on August 14, 2024, the successful offering and sale of $700 million in aggregate principal amount of 5.000% Senior Notes due 2034. This offering was registered under a Form S-3 registration statement and is expected to close on the same day, subject to customary closing conditions. The issuance of these notes, governed by an Indenture and a Sixth Supplemental Indenture with Truist Bank as trustee, represents a significant financing activity for the company. Investors should note the specific interest rate and maturity date of these notes as they are part of DHI's long-term debt structure.
Key Highlights
- 1D.R. Horton (DHI) has priced a $700 million offering of 5.000% Senior Notes due 2034.
- 2The offering is expected to close on August 14, 2024.
- 3The notes are registered under a Form S-3, indicating they are being offered to the public.
- 4The issuance is governed by an Indenture with Truist Bank acting as the Trustee.
- 5The underwriting syndicate includes Mizuho Securities USA LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC.
- 6This financing activity adds to DHI's long-term debt obligations.
Frequently Asked Questions
This 8-K filing announces the closing of a public offering by D.R. Horton (DHI) of $700 million of its 5.000% Senior Notes due 2034.
The Senior Notes have an aggregate principal amount of $700 million, a coupon rate of 5.000% per annum, and mature in 2034. They are issued under an Indenture and a Sixth Supplemental Indenture with Truist Bank as trustee.
The offering is expected to close on August 14, 2024, subject to customary closing conditions.
The Form S-3 registration indicates that D.R. Horton is offering these securities to the public and that the company has met certain requirements to use this simplified registration form for seasoned issuers.