KB Home takes in tenders for $269.83 million 7% notes due 2021

By Wendy Van Sickle

Columbus, Ohio, June 9 – KB Home announced the results of its cash tender offer for any and all of its $450 million outstanding 7% senior notes due 2021 (Cusip: 48666KAT6) in a press release.

By the expiration of the offer at 5 p.m. ET on June 8, also the withdrawal deadline, the issuer had taken in tenders of $269,829,000 of notes.

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

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

Settlement was expected to occur on 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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