KB Home to price $250 million notes due 2023 in Wednesday drive-by

By Paul A. Harris

Portland, Ore., Feb. 11 – KB Home plans to price a $250 million offering of non-callable senior notes due May 2023 on Wednesday trailing a mid-morning conference call with investors, according to a syndicate source.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., BofA Merrill Lynch and Deutsche Bank Securities Inc. are joint bookrunners for the public offering.

The notes feature a 101% poison put.

The Los Angeles-based homebuilder plans to use the proceeds to refinance its 6¼% senior notes due 2015 and for general corporate purposes.

© 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.