| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
KB Home starts cash tender offer for 5¾%, 5 7/8% and 6¼% notes
By Jennifer Chiou
New York, Oct. 15 - KB Home announced the launch of its cash tender offers for any and all of its $75.97 million of outstanding 5¾% senior notes due 2014, any and all of its $102,172,000 of outstanding 5 7/8% senior notes due 2015 and up to $37 million of its $236,906,000 of outstanding 6¼% senior notes due 2015.
The offers will end at 11:59 p.m. ET on Nov. 12.
For each $1,000 principal amount, the company is offering $1,013.85 for its 5¾% notes, $1,065.95 for the 5 7/8% notes and $1,075 for the 6¼% notes, each including an early tender payment of $30.00 for those who participate prior to 5 p.m. ET on Oct. 28.
The company will also pay accrued interest.
Early settlement is anticipated for Oct. 29. Final settlement is to fall on Nov. 13.
Citigroup Global Markets, Inc. (800 558-3745 or 212 723-6106) and Credit Suisse Securities (USA) LLC (800 820-1653 or 212 325-2476) are the dealer managers for the tender offer. The information agent is Global Bondholder Services Corp. (866 470-4500 or 212 430-3774).
KB Home is a Los Angeles-based homebuilder.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.