D.R. Horton Inc.
D.R. Horton Completes $500 Million Senior Notes Offering
Summary
D.R. Horton, Inc. completed a public offering of $500 million aggregate principal amount of its 4.850% Senior Notes due 2030. The Company received net proceeds of $496.7 million after underwriting discounts. The Notes are governed by a Senior Debt Securities Indenture, dated October 10, 2019, and are supplemented by the Eighth Supplemental Indenture, dated May 5, 2025. Interest accrues at a rate of 4.850% per annum on the principal amount, payable semi-annually. The Notes can be redeemed at the Company's option, with specific terms for redemption before and on or after September 15, 2030. The Notes are general unsecured obligations and rank senior in right of payment to future indebtedness of the Company that is not expressly subordinated.
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About D.R. Horton Inc.
D.R. Horton Inc. is a prominent name in the real estate and construction industry, specializing in the development and sale of residential homes. As the largest homebuilder in the United States by volume, its primary function is to serve the growing demand for residential housing across diverse markets. The company offers a variety of homes catering to a broad range of consumer segments, from entry-level to luxury options, ensuring widespread coverage in the market. Operating in multiple regions across the U.S., D.R. Horton has a notable impact on both local economies and the broader real estate sector, playing a significant role in shaping housing availability and community development. Known for its efficient construction processes and strategic market positioning, the company supports the housing sector by contributing to inventory levels in response to population growth and urban expansion. Since its founding in 1978, D.R. Horton has maintained a strong presence in the financial markets, providing investors with insights into housing trends and economic health. Its performance often serves as a barometer for industry conditions, given the cyclical nature of real estate and its closely tied relationship with economic indicators such as interest rates and consumer confidence.
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