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D.R. Horton closes $500M senior notes offering

D.R. Horton Inc. closed a $500 million public offering of senior notes due Oct. 15, 2024, raising $497.2 million in net proceeds.

The homebuilder will pay interest on the notes semiannually at an annual rate of 2.500%, payable every April 15 and Oct. 15, starting in 2020.