KB Home begins cash tender offer for $450 million 7% notes due 2021

Chicago, May 25 – KB Home announced a cash tender offer for any and all of its $450 million outstanding 7% senior notes due 2021 (Cusip: 48666KAT6) in a press release on Tuesday.

The company is offering to pay $1,017.25 per $1,000 note.

The offer will expire at 5 p.m. ET on June 8, also the withdrawal deadline.

Tenders and notices of guaranteed delivery are due by the expiration date.

Settlement is planned for June 9.

BofA Securities, Inc. is the dealer manager (980 388-3646).

Global Bondholder Services Corp. is the depositary and information agent (866 470-3700, 212 430-3774, https://www.gbsc-usa.com/kbhome).

KB Home is a Los Angeles-based homebuilder.

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