D.R. Horton calls 8½% notes due 2012

By Angela McDaniels

Seattle, March 15 - D.R. Horton, Inc. will redeem all of its $250 million 8½% senior notes due 2012 on April 15, according to a company news release.

Noteholders will receive par plus $42.50 of accrued interest per $1,000 principal amount of notes, for a total redemption price of $260.625 million.

D.R. Horton is a homebuilder based in Fort Worth, Texas.

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