FORT WORTH, Texas, Jan. 25, 2010 (GLOBE NEWSWIRE) -- D.R. Horton, Inc. (NYSE:DHI), America's Builder, today announced that it is calling all of its 5.875% Senior Notes due July 1, 2013 for full redemption on February 24, 2010 in accordance with the terms of the indenture governing the notes. The 5.875% Senior Notes will be redeemed at a redemption price of $1,019.58 per $1,000 principal amount of the Notes, which will result in an aggregate redemption price of approximately $96.86 million, together with accrued and unpaid semi-annual interest of $8.649 per $1,000 principal amount of the Notes (approximately $821,684 in the aggregate), to be paid on February 24, 2010. Holders of record of the notes will receive by mail a Notice of Full Redemption setting forth the redemption procedures.
D.R. Horton, Inc., America's Builder, is one of the largest homebuilders in the United States, delivering more than 16,000 homes in its fiscal year ended September 30, 2009. Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 73 markets in 26 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 $700,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.
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