D.R. Horton completes $500 million offering of 4.850% senior notes due 2030
D.R. Horton, Inc. completed a public offering of $500 million in 4.850% senior notes maturing October 15, 2030, on May 5, 2025. The company received net proceeds of $496.7 million after the underwriting discount, and the notes are guaranteed by substantially all of its current homebuilding subsidiaries.
Key points
- Principal amount of $500 million; net proceeds of $496.7 million after the underwriting discount
- Interest at 4.850% per year, paid semi-annually on April 15 and October 15, beginning October 15, 2025
- Maturity date of October 15, 2030, with optional redemption before September 15, 2030 at a make-whole price
- Notes issued under an indenture with Truist Bank as trustee, with a change-of-control offer at 101% of principal if a change in control and a ratings downgrade both occur
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 May 05, 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.