D.R. Horton Inc. priced a $500 million public offering of 2.500% senior notes due Oct. 15, 2024.
The homebuilder plans to use net proceeds for general corporate purposes, including the redemption or repurchase of its 4.000% senior notes before they mature Feb. 15, 2020.
J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Wells Fargo Securities LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments Inc. are the joint book-running managers for the offering, which is set to close Oct. 10.
