UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2006
D.R. Horton, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-14122
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75-2386963 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
301 Commerce Street, Suite 500, Fort Worth, Texas 76102
(Address of principal executive offices)
Registrant’s telephone number, including area code: (817) 390-8200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On
June 12, 2006, D.R. Horton, Inc. (the “Company”)
provided final notice to U.S. Bank National
Association (“Trustee”) that the Company is voluntarily calling all of its outstanding 10.5% Senior
Subordinated Notes due 2011 for full redemption on July 15, 2006 in accordance with the terms of
the indenture governing the notes. The 10.5% Senior Subordinated Notes will be redeemed at a price
of $1,052.50 per $1,000 note outstanding, which will result in an aggregate redemption price of
approximately $152.4 million to be paid by the Company on July 15, 2006. In addition, on July 15,
2006, accrued and unpaid semi-annual interest of $52.50 per $1,000 note, approximately $7.6 million
in the aggregate, will be paid to holders of record as of July 1, 2006. Holders of the 10.5%
Senior Subordinated Notes will receive by mail a Notice of Full Redemption setting forth the
redemption procedures.
A press release issued by the Company announcing the redemption is filed as exhibit 99.1 to
this report.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
99.1 Press Release issued by D.R. Horton, Inc. on June 12, 2006.