D.R. Horton Inc., the largest U.S. homebuilder by volume, plans to raise $700 million in a two-part bond offering.
The company intends to issue $300 million of senior notes due 2020 and $400 million of securities maturing 2025, Fort Worth, Texas-based D.R. Horton said today in a regulatory filing. Proceeds from the offering, which would add to the firm’s $2.36 billion of notes outstanding, will be used for general corporate purposes.
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