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Prospect News home > News index > List of issuers K > Headlines for KB Home > News item
Published on 6/7/2022 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P rates KB Home notes BB

S&P said it assigned BB issue-level and 3 recovery ratings to KB Home's planned $350 million of senior unsecured notes due 2030. The 3 recovery rating indicates meaningful (50%-70%; rounded estimate: 65%) recovery in default.

The company plans to use proceeds and cash on hand to fully repay its $350 million of 7½% senior unsecured notes due in September.

The outlook is positive.


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