Key Developments: D.R. Horton, Inc. (DHI)
25.75USD
24 May 2013
$-0.26 (-1.00%)
$26.01
$25.88
$25.88
$25.33
4,470,135
5,582,236
$27.75
$14.37
Latest Key Developments (Source: Significant Developments)
DR Horton Inc Announces Pricing Of Senior Notes
DR Horton Inc 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. Full Article
DR Horton Inc Announces Intent To Offer Senior Notes
DR Horton Inc announced that it intends to offer and sell, approximately $300 million aggregate principal amount of senior unsecured notes due 2020 and $400 million aggregate principal amount of senior unsecured notes due 2025 in an offering registered under the Company's currently effective shelf registration statement. The Company intends to 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 are acting as Joint Book-Running Managers in the transaction. Full Article
DR Horton Inc Declares Dividend
DR Horton Inc announced that the Board of Director has declared a cash dividend of $0.15 per share. The accelerated dividend is payable on December 21, 2012 to stockholders of record on December 17, 2012. Full Article
DR Horton Inc Announces Increase In Senior Unsecured Revolving Bank Credit Facility To $600 Million
DR Horton Inc announced that it has received additional lending commitments from five banks to increase the capacity of its five-year senior unsecured revolving credit facility to $600 million. The facility has also been amended to include an uncommitted accordion feature which could increase the facility to $1 billion, subject to certain conditions and availability of additional bank commitments. The facility’s letter of credit sublimit is 50% of the revolving credit commitment, or $300 million. The Royal Bank of Scotland plc remains the Sole Lead Arranger and Administrative Agent of the facility. The additional lenders joining the facility as Co-Arrangers are Citibank N.A.; Deutsche Bank Trust Company Americas; JPMorgan Chase Bank, N.A.; UBS AG, Stamford Branch and Wells Fargo Bank. Full Article
DR Horton Inc Announces Pricing of $350 Million of Senior Notes Due 2022
DR Horton Inc announced that it has priced a registered underwritten public offering of $350 million aggregate principal amount of 4.375% senior notes due 2022. The senior notes will pay interest semi-annually at a rate of 4.375% per year and will mature on September 15, 2022. The closing of the offering is expected to occur on September 14, 2012, subject to customary closing conditions. D.R. Horton will use the net proceeds of the offering for general corporate purposes. RBS Securities Inc. acted as the Sole Book-Running Manager for the senior notes offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC acted as Co-Managers in the transaction. Full Article
DR Horton Inc Announces Intent to Offer $350 Million in Senior Notes Due 2022
DR Horton Inc announced that it intends to offer and sell approximately $350 million in aggregate principal amount of senior unsecured notes due 2022 in an offering registered under the Company’s currently effective shelf registration statement. The Company intends to use the net proceeds of the offering for general corporate purposes. RBS Securities Inc. is acting as the Sole Book-Running Manager for the senior notes offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC are acting as Co-Managers in the transaction. Full Article
DR Horton Inc Acquires Homebuilding Assets Of Breland Homes
DR Horton Inc announced the acquisition of the homebuilding operations of Breland Homes (Breland), which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts. In calendar 2011, Breland closed 684 homes ($130 million in revenue), and was ranked as the 38th largest builder in the United States by Builder Magazine. Breland`s average home size is approximately 2,200 square feet with an average sales price of $200,000. Full Article
DR Horton Inc Issues Q4 2012 Earning Guidance Above Analysts' Estimates-Conference Call
DR Horton Inc announced that for fourth quarter of 2012, it expects net income to be approximately $85 million. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $79 million for fourth quarter of 2012. Full Article
DR Horton Inc Declared Quarterly Cash Dividend
DR Horton Inc announced that it has declared a quarterly cash dividend of $0.0375 per share. The dividend is payable on August 24, 2012 to stockholders of record on August 13, 2012. Full Article
D.R. Horton, Inc. Announces Pricing Of Senior Notes And Increases Offering To $350 Million
D.R. Horton, Inc. announced that it has priced a registered underwritten public offering of $350 million aggregate principal amount of 4.750% senior notes due 2017. The senior notes will pay interest semi-annually at a rate of 4.750% per year and will mature on May 15, 2017. The closing of the offering is expected to occur on May 1, 2012, subject to customary closing conditions. D.R. Horton will use the net proceeds of the offering for general corporate purposes. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC acted as joint book-running managers for the senior notes offering. Full Article
D.R. Horton profit soars as U.S. housing market recovers
- D.R. Horton Inc almost tripled its quarterly profit by selling more homes at higher prices and forecast an even better second half of the year as a recovering economy encourages more Americans to buy houses.
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