D.R. Horton, Inc., America`s Builder, Announces Pricing of Senior Notes

Wed Jan 30, 2013 10:30pm EST

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FORT WORTH, Texas--(Business Wire)--
D.R. Horton, Inc. (NYSE:DHI), America`s Builder, announced that it has priced a
registered underwritten public offering of $400 million aggregate principal
amount of 3.625% senior notes due 2018 and $300 million aggregate principal
amount of 4.75% senior notes due 2023. The senior notes due 2018 will pay
interest semi-annually at a rate of 3.625% per year and will mature on February
15, 2018. The senior notes due 2023 will pay interest semi-annually at a rate of
4.75% per year and will mature on February 15, 2023. The closing of the offering
is expected to occur on February 5, 2013, subject to customary closing
conditions. D.R. Horton will use the net proceeds of the offering for general
corporate purposes. 

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., RBS Securities Inc., UBS Securities LLC and Wells Fargo
Securities, LLC acted as Joint Book-Running 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, by contacting J.P. Morgan Securities LLC by telephone at (800)
245-8812 or at the following address: J.P. Morgan Securities LLC, Attn: High
Yield Syndicate, 383 Madison Avenue, 3rd Floor, New York, NY 10179. 

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
February 5, 2013, 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: 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 or an increase in mortgage interest rates; the risks associated
with our land and lot inventory; home warranty and construction defect claims;
supply shortages and other risks for acquiring land, building materials and
skilled labor; reductions in the availability of performance bonds; 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; our debt
obligations and our ability to comply with related debt covenants, restrictions
and limitations; competitive conditions within the homebuilding and financial
services industries; 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

D.R. Horton, Inc.
Jessica Hansen, 817-390-8200
Vice President of Communications 



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