debt
confidence high
sentiment neutral
materiality 0.50
D.R. Horton completes $500M public offering of 4.850% senior notes due 2030
HORTON D R INC /DE/
- $500M aggregate principal of 4.850% Senior Notes due 2030 issued on May 5, 2025; net proceeds ~$496.7M.
- Interest at 4.850% p.a., payable semi-annually on April 15 and October 15, beginning October 15, 2025.
- Notes mature October 15, 2030; callable at make-whole plus 20 bps before Sept 15, 2030, then at par.
- Unsecured obligations guaranteed by substantially all homebuilding subsidiaries; change of control put at 101%.