FORT WORTH, Texas, May 13, 2009 (GLOBE NEWSWIRE) -- D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today the closing of its public offering of $500 million in aggregate principal amount of 2.00% convertible senior notes due 2014. The aggregate principal amount of the notes issued reflects the full exercise of the over-allotment option granted to the underwriters.
Citi acted as sole book-running manager in connection with the offering, and J.P. Morgan, UBS Investment Bank and Wachovia Securities acted as joint lead managers.
The offering was made under the Company's shelf registration statement filed with the SEC and only by means of a prospectus supplement and accompanying prospectus. You may obtain these documents at no charge by visiting the SEC website at www.sec.gov or by contacting Citi at the following address: Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220, Attn: Prospectus Department; telephone: (800) 831-9146.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any notes or any other securities, nor shall there be any sale of any notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the United States, delivering more than 26,000 homes in its fiscal year ended September 30, 2008. Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 77 markets in 27 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $90,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.
The D.R. Horton, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4317