D.R. Horton completes $700 million offering of 5.500% senior notes due 2035
On February 26, 2025, D.R. Horton completed a public offering of $700 million in 5.500% senior notes maturing October 15, 2035, receiving net proceeds of $695.2 million after the underwriting discount. The notes are guaranteed by substantially all of the company's current homebuilding subsidiaries and rank as general unsecured obligations. The filing adds $700 million of debt, which shareholders may weigh against the company's existing borrowings.
Key points
- Principal amount: $700 million of 5.500% senior notes due October 15, 2035
- Net proceeds after underwriting discount: $695.2 million
- Interest payable semi-annually on April 15 and October 15, beginning October 15, 2025
- Change of control plus ratings downgrade triggers an offer to repurchase at 101% of principal
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.