D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced that it has priced a registered underwritten public offering of $350 million aggregate principal amount of 4.375% senior notes due 2022. The senior notes will pay interest semi-annually at a rate of 4.375% per year and will mature on September 15, 2022. The closing of the offering is expected to occur on September 14, 2012, subject to customary closing conditions. D.R. Horton will use the net proceeds of the offering for general corporate purposes. RBS Securities Inc. acted as the Sole Book-Running Manager for the senior notes offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC acted as Co-Managers in the transaction. The Company has filed a registration statement (including a prospectus supplement) with the Securities and Exchange Commission (SEC) for the offering to which this press release relates. Copies of the preliminary prospectus supplement, the accompanying prospectus and when available, the final prospectus supplement, may be obtained by visiting EDGAR on the SEC's web site at www.sec.gov, or by contacting RBS Securities Inc. by telephone at (866) 884-2071 or at the following address: RBS Securities Inc., 600 Washington Boulevard, Stamford, CT 06901 Attn: High Yield Debt Capital Markets Syndicate. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these senior notes, nor shall there be any offer, solicitation or sale of these senior notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The senior notes offering is being made only by means of the prospectus supplement and accompanying prospectus. Portions of this document may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to D.R. Horton on the date this release was issued. D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements include that the closing of the offering is expected to occur on September 14, 2012, subject to customary closing conditions, and that D.R. Horton will use the net proceeds of the offering for general corporate purposes.
Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: our substantial debt, the incurrence of future debt and our ability to comply with related debt covenants, restrictions and limitations; potential deterioration in homebuilding industry conditions and the current weak U.S. economy; the cyclical nature of the homebuilding industry and changes in general economic, real estate and other conditions; constriction of the credit markets, which could limit our ability to access capital and increase our costs of capital; reductions in the availability of mortgage financing and the liquidity provided by government-sponsored enterprises, the effects of government programs, a decrease in our ability to sell mortgage loans on attractive terms and an increase in mortgage interest rates; the risks associated with our land and lot inventory; supply shortages and other risks for acquiring land, building materials and skilled labor; increases in the costs of owning a home; the effects of governmental regulations and environmental matters on our homebuilding operations; the effects of governmental regulation on our financial services operations; the uncertainties inherent in home warranty and construction defect claims matters; competitive conditions within our industry; our ability to effect any future growth strategies successfully; the impact of an inflationary or deflationary environment; our ability to realize the full amount of our deferred income tax asset; and information technology failures and data security breaches. Additional information about issues that could lead to material changes in performance is contained in D.R. Horton’s annual report on Form 10-K, and our most recent quarterly report on Form 10-Q, both of which are filed with the Securities and Exchange Commission.WEBSITE ADDRESS: www.drhorton.com