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D.R. Horton logoD.R. Horton DHI

D.R. Horton said it entered into an underwriting agreement with the underwriters and will issue $700 million aggregate principal amount of its 5.000% Senior Notes due 2034 in an underwritten public offering on August 7, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. D.R. Horton said it entered into an underwriting agreement with the underwriters and will issue $700 million aggregate principal amount of its 5.000% Senior Notes due 2034 in an underwritten public offering on August 7, 2024.

  2. The company said Mizuho Securities USA LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are representatives of the several underwriters named in that underwriting agreement.

  3. The company said the offering is registered under the Securities Act on Form S-3 (File No. 333-280982) and is expected to close on August 14, 2024, subject to customary closing conditions.

  4. The company said the notes will be issued under an indenture with Truist Bank as trustee, dated October 10, 2019, as supplemented by a Sixth Supplemental Indenture to be dated August 14, 2024, and will be represented by a global security.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

D.R. Horton prices $700 million 5.000% Senior Notes due 2034 in public offering

D.R. Horton said it entered into an underwriting agreement with the underwriters and will issue $700 million aggregate principal amount of its 5.000% Senior Notes due 2034 in an underwritten public offering on August 7, 2024.

Source · Based on the filing body and exhibits

Mizuho, BofA and Wells Fargo lead underwriters

The company said Mizuho Securities USA LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are representatives of the several underwriters named in that underwriting agreement.

Source · Based on the filing body and exhibits

Form S-3 registration; closing expected August 14

The company said the offering is registered under the Securities Act on Form S-3 (File No. 333-280982) and is expected to close on August 14, 2024, subject to customary closing conditions.

Source · Based on the filing body and exhibits

Truist Bank trustee; Sixth Supplemental Indenture

The company said the notes will be issued under an indenture with Truist Bank as trustee, dated October 10, 2019, as supplemented by a Sixth Supplemental Indenture to be dated August 14, 2024, and will be represented by a global security.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.