Issuer
|
D.R. Horton, Inc. | |
Issue Format
|
SEC Registered | |
Security
|
Senior Notes | |
Ratings
|
Baa3/BBB-/BBB- (stable/stable/stable) (Moodys/S&P/Fitch)1 | |
Principal Amount
|
$250,000,000 | |
Pricing Date
|
April 11, 2006 | |
Settlement Date
|
April 17, 2006 | |
Maturity Date
|
April 15, 2011 | |
Coupon Pay Dates
|
Each April 15 & October 15, commencing October 15, 2006 | |
Day Count Convention
|
30/360 | |
Make Whole Provision
|
T+ 20 bps | |
Benchmark Treasury
|
T 4.750% due 03/11 | |
Benchmark Treasury Yield
|
4.861% | |
Benchmark Treasury Price
|
$99-16 + | |
Reoffer Spread to Treasury
|
+ 120 bps | |
Reoffer Yield
|
6.061% | |
Coupon
|
6.000% | |
Reoffer Price to Public
|
99.741% | |
CUSIP
|
23331AAY5 | |
ISIN
|
US23331AAY55 | |
Joint Book-Running Managers
|
Banc of America Securities LLC UBS Securities LLC Wachovia Capital Markets, LLC |
|
Co-Managers:
|
BNP Paribas Securities Corp. Calyon Securities (USA) Inc. RBS Greenwich Capital Markets, Inc. |
|
Use of Proceeds
|
Reduce borrowings under revolving credit facility |
1 | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
Issuer
|
D.R. Horton, Inc. | |
Issue Format
|
SEC Registered | |
Security
|
Senior Notes | |
Ratings
|
Baa3/BBB-/BBB- (stable/stable/stable) (Moodys/S&P/Fitch)1 | |
Principal Amount
|
$500,000,000 | |
Pricing Date
|
April 11, 2006 | |
Settlement Date
|
April 17, 2006 | |
Maturity Date
|
April 15, 2016 | |
Coupon Pay Dates
|
Each April 15 & October 15, commencing October 15, 2006 | |
Day Count Convention
|
30/360 | |
Make Whole Provision
|
T+ 25 bps | |
Benchmark Treasury
|
T 4.500% due 02/16 | |
Benchmark Treasury Yield
|
4.928% | |
Benchmark Treasury Price
|
$96-22 | |
Reoffer Spread to Treasury
|
+ 160 bps | |
Reoffer Yield
|
6.528% | |
Coupon
|
6.500% | |
Reoffer Price to Public
|
99.797% | |
CUSIP
|
23331AAZ2 | |
ISIN
|
US23331AAZ21 | |
Joint Book-Running Managers
|
Banc of America Securities LLC UBS Securities LLC Wachovia Capital Markets, LLC |
|
Co-Managers:
|
BNP Paribas Securities Corp. Calyon Securities (USA) Inc. RBS Greenwich Capital Markets, Inc. |
|
Use of Proceeds
|
Reduce borrowings under revolving credit facility |
1 | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |