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D.R. Horton, Inc. Announces Proposed Registered Offering
of Senior Notes
ARLINGTON, Texas, Dec 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- D.R.
Horton, Inc. (DHI) Wednesday (December 8, 2004), announced that it plans to
sell $250 million of senior notes in a registered offering under its
effective shelf registration statement on file with the U.S. Securities and
Exchange Commission. D.R. Horton expects to use the proceeds of the offering
for general corporate purposes, including the repayment of existing
indebtedness under its homebuilding line of credit.
The proposed offering will be led by Citigroup Global Markets Inc. When
available, a prospectus supplement relating to this proposed offering may be
obtained from Citigroup Global Markets Inc., 140 58th Street, Brooklyn, NY
11220.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy the senior notes, nor shall there be any sale of these
senior notes in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
Founded in 1978, D.R. Horton, Inc. is engaged in the construction and sale
of high quality homes designed principally for the entry-level and first
time move-up markets. D.R. Horton currently builds and sells homes in 21
states and 63 markets, with a geographic presence in the Midwest,
Mid-Atlantic, Southeast, Southwest and Western regions of the United States.
The Company also provides mortgage financing and title services for
homebuyers through its mortgage and title subsidiaries.
http://www.DRHORTON.com
SOURCE D.R. Horton, Inc.
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