Key Developments: KB Home (KBH)

KBH on New York Consolidated

16.08USD
26 Dec 2014
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$0.02 (+0.12%)
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Latest Key Developments (Source: Significant Developments)

KB Home declares fourth quarter 2014 dividend
Thursday, 9 Oct 2014 01:56pm EDT 

KB Home:Declares a quarterly cash dividend of $.025 per share.Payable on Nov. 20 to stockholders of record on Nov. 6.  Full Article

KB Home Acquires Houston Property for New Centrally Located Community
Tuesday, 7 Oct 2014 09:00am EDT 

KB Home:Acquires land for new community called Hollister Commons in Houston's sought-after Spring Branch submarket.Conveniently nestled inside the Beltway near the I-10 and Highway 290, this new Central West neighborhood will offer residents prime proximity to downtown Houston, the Energy Corridor, and more.The community is anticipated to open in summer of 2015.  Full Article

KB Home declares Third Quarter 2014 dividend
Thursday, 17 Jul 2014 03:02pm EDT 

KB Home:Declares a quarterly cash dividend of $.025 per share.Payable on Aug. 21 to stockholders of record on Aug. 7.  Full Article

SunPower Corp and KB Home Partner on home energy storage solutions
Tuesday, 24 Jun 2014 12:00am EDT 

SunPower Corp:Announces collaboration with its longtime partner KB Home to install energy storage solutions at certain KB Home locations in California as part of a pilot program.SunPower currently offers its solar power systems to purchasers of new homes in more than 150 KB Home communities.Says this new pilot program expands the partnership and demonstrates this new technology's ability to store solar power generated during the day for use during power outages.  Full Article

KB Home acquires land for 276 new homes in San Antonio's Far Northwest
Tuesday, 13 May 2014 09:00am EDT 

KB Home:Announces it has purchased 78 acres along San Antonio's IH-10 corridor for a new community called Mirabel, where the builder plans to construct 276 Built to Order homes at the base of the Texas Hill Country.Development is scheduled to begin in September, with an official grand opening anticipated in spring of 2015.  Full Article

KB Home acquires 500 Lots at Patterson Ranch in Fremont
Thursday, 10 Apr 2014 11:00am EDT 

KB Home:Plans for new home community in city of Fremont called Patterson Ranch.Will offer about 500 new single-family homes on property, which will also include 15 acres of parks and open space, a community center, and an urban farm that reflects the site's agrarian history.Land development has commenced at fully-entitled property, with model homes expected to open by spring of 2015.  Full Article

KB Home declares quarterly cash dividend
Thursday, 3 Apr 2014 02:43pm EDT 

KB Home:Declares quarterly cash dividend of $.025 per share.Payable on May 15 to stockholders of record on May 1.  Full Article

KB Home announces pricing of concurrent underwritten public offerings of 6.9 million shares of common stock and upsized $400.0 million of senior notes
Thursday, 20 Mar 2014 08:09pm EDT 

KB Home:Agrees to sell aggregate of 6,944,445 shares of common stock at public offering price of $18.00 per share (or up to 7,986,111 shares if underwriters' option to purchase additional shares is exercised in full) and $400.0 million in aggregate principal amount of senior notes due 2019.Size of senior notes offering was increased to $400.0 million from the previously announced $300.0 million.Senior notes will bear interest at rate of 4.75 pct. per annum and will be issued at a public offering price of 100.0 pct.Estimates aggregate net proceeds from concurrent offerings to be about $513.3 million (assuming no exercise of the underwriters' option to purchase additional shares of common stock), after deducting the underwriting discount and estimated offering expenses payable by KB Home.Intends to use net proceeds from both offerings for general corporate purposes, including without limitation land acquisition and land development.Closing of both offerings is expected to occur on March 25.Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting joint book-running managers for offerings.  Full Article

KB Home proposes offering senior unsecured notes
Thursday, 20 Mar 2014 09:43am EDT 

KB Home:Proposes offering of $300 mln of senior unsecured notes due March 2019.The new issue will be equal in right of payment with all other senior unsecured debt.Intends to use proceeds of these issuances for general corporate purposes, including land acquisitions and development.  Full Article

KB Home announces proposed concurrent underwritten public offerings of common stock and senior notes of $425.0 mln in the aggregate
Wednesday, 19 Mar 2014 04:23pm EDT 

KB Home:Commence concurrent underwritten public offerings of $125.0 mln of common stock.$300.0 mln in aggregate principal amount of senior notes due 2019.Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and Deutsche Bank Securities Inc. will act as joint book-running managers for the proposed offerings.Intends to use the net proceeds from both offerings for general corporate purposes.  Full Article

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