Kimball Hill in the market with $200 million seven-year notes

By Paul A. Harris

St. Louis, Dec. 5 - Kimball Hill, Inc. expects to price a $200 million offering of seven-year senior subordinated notes early next week following the conclusion of an investor roadshow now underway, according to a market source.

JP Morgan and Harris Nesbitt are joint bookrunners.

The notes will come with four years of call protection.

Proceeds will be used to repay debt.

The company builds single-family detached homes, townhouses and condominiums in the Chicago area, California, Florida, Nevada, Ohio, Oregon, Texas, Washington and Wisconsin.

Kimball Hill is a Rolling Meadows, Ill.-based homebuilder.

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