D.R. Horton calls 9 3/8% notes due 2011

By Jennifer Chiou

New York, Feb. 13 - D.R. Horton, Inc. announced the redemption of its 9 3/8% senior subordinated notes due March 15, 2011.

The Forth Worth, Texas, homebuilder said it will redeem the notes at $1,046.88 per $1,000 principal amount on March 15.

D.R. Horton said it expects to pay $209.4 million for the notes plus the $46.875 per $1,000 principal amount of interest due on March 15 for noteholders of record as of March 1.

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