KB Home plans to price $300 million five-year bullet on Thursday

By Paul A. Harris

Portland, Ore., March 19 - KB Home plans to participate in an investor conference call scheduled to get underway at 10 a.m. ET on Thursday to discuss its proposed $300 million offering of non-callable five-year senior notes, according to a syndicate source.

The deal is set to price later on Thursday.

Citigroup Global Markets Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint bookrunners for the public offering.

The notes feature a make-whole call at Treasuries plus 50 basis points. Three months prior to maturity they become callable at par.

The Los Angeles-based homebuilder plans to use the proceeds for general corporate purposes, including the purchase and development of land.

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