secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001193125-25-036846
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D.R. Horton issues $700M in 5.500% Senior Notes due 2035
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- $700M aggregate principal, net proceeds $695.2M after underwriting discount.
- Interest accrues at 5.500% per annum, payable semi-annually each April 15 and October 15.
- Notes mature October 15, 2035; optional redemption prior to July 15, 2035 at Treasury plus 15bps.
- Notes are unsecured senior obligations guaranteed by substantially all homebuilding subsidiaries.
- Change of control trigger at 101% of principal plus accrued interest if ratings downgrade occurs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000119312525036846/0001193125-25-036846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000119312525036846/d924227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-036846

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