KB Home Announces Cash Tender Offers For Senior Notes Due 2014 And 2015

KB Home (NYSE: KBH), one of the nation’s premier homebuilders, today announced the commencement of cash tender offers for any and all of its 5 ¾% Senior Notes due 2014 (the “2014 Notes”), and up to $150 million in aggregate principal amount, less the amount of 2014 Notes accepted for purchase, of its 5 ⅞% Senior Notes due 2015 and 6 ¼% Senior Notes due 2015 (the “2015 Notes”). KB Home reserves the right to increase or waive the foregoing maximum tender offer amount for the 2015 Notes (the “2015 Maximum Tender Amount”) subject to compliance with applicable law.

The tender offers (collectively, the “Tender Offers”) are being made upon the terms and subject to the conditions described in an Offer to Purchase dated July 11, 2012 and a related Letter of Transmittal and any amendments or supplements thereto.

The Tender Offers will expire at 11:59 p.m., New York City time, on August 7, 2012, unless extended or earlier terminated (the “Expiration Date”).

									Dollars per $1,000 Principal Amount of Securities
Title of Security		CUSIP Number		Principal Amount Outstanding			Acceptance Priority Level		Tender Offer Consideration			Early Tender Premium			Total Consideration (a)
2014 Note Tender Offer
5¾% Senior Notes due 2014		48666KAH2		$	193,696,000		1		$	1,010.00		$	30.00		$	1,040.00
2015 Note Tender Offers
5⅞% Senior Notes due 2015		48666KAL3		$	170,007,000		2		$	990.00		$	30.00		$	1,020.00
6¼% Senior Notes due 2015		48666KAM1		$	296,297,000		2		$	990.00		$	30.00		$	1,020.00

(a) The Total Consideration includes the Early Tender Premium and is payable only to holders of the 2014 Notes or the 2015 Notes, as the case may be, that are validly tendered (and not validly withdrawn) on or prior to 5:00 p.m., New York City time, on July 23, 2012 (the “Early Tender Date”), and accepted for purchase.

1 2 3 4 5 Next › Last »