KB Home prices $350M of 7.25% senior notes due 2030 to retire 7.5% notes due 2022

KB HOME

$350M aggregate principal of 7.25% senior unsecured notes due 2030 priced at 100% of par.
Net proceeds estimated at ~$345.5M after underwriting discount and offering expenses.
Proceeds plus cash on hand to retire outstanding 7.5% Senior Notes due 2022 via redemption or repayment.
Closing expected June 22, 2022; joint book-runners include Citigroup, BofA, J.P. Morgan, Wells Fargo.

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