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Published on 7/31/2013 in the Prospect News High Yield Daily.

D.R. Horton to price $400 million senior unsecured notes due 2023

By Aleesia Forni

Virginia Beach, Va., July 31 - D.R. Horton Inc. is planning to price $400 million senior notes due 2023, according to a 424B5 filing with the Securities and Exchange Commission.

The company plans to use proceeds for general corporate purposes.

Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

D.R. Horton is a Fort Worth, Texas-based homebuilder.


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