BLOOMFIELD HILLS, Mich., Feb. 21, 2014 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today that it will redeem all of its outstanding 7.375% notes due June 1, 2046 (NYSE: PHA) (CUSIP No. 745867200) (the "Redeemed Notes"). The redemption will occur on March 26, 2014 and will be funded from the Company's available cash balances. The redemption price will be 100 percent of the principal amount of the Redeemed Notes ( $25 per senior note), plus accrued and unpaid interest up to, but excluding, the redemption date, of $0.122917 per note. The aggregate principal amount of Redeemed Notes currently outstanding is $150 million. Beneficial holders of the Redeemed Notes should direct any questions to their respective brokerage firm or financial institution which holds interests in the Redeemed Notes on their behalf. The Bank of New York Mellon Trust Company is the trustee and paying agent with respect to the Redeemed Notes. This redemption is being made in accordance with the indenture governing the Redeemed Notes and terms of the Redeemed Notes. Forward-Looking Statements This press release includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "may," "can," "could," "might," "will" and similar expressions identify forward-looking statements, including statements related to expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.