secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001193125-24-200715
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D.R. Horton issues $700M of 5.000% Senior Notes due 2034; net proceeds $688.5M
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- Interest rate 5.000% per annum, payable semi-annually on April 15 and October 15 starting April 2025.
- Notes mature October 15, 2034; callable at any time, make-whole prior to July 15, 2034 at T+20 bps.
- Guaranteed by substantially all homebuilding subsidiaries; listed on NYSE.
- Change of control triggered at 101% of principal plus accrued interest if combined with ratings downgrade.
- Net proceeds after underwriting discount: $688.5 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000119312524200715/0001193125-24-200715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000119312524200715/d873700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-200715

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