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Published on 5/9/2008 in the Prospect News High Yield Daily.

D.R. Horton buys back $36.5 million 9¾% notes due 2010

By Susanna Moon

Chicago, May 9 - D.R. Horton, Inc. said it repurchased $36.5 million principal amount of its 9¾% senior subordinated notes due 2010, according to a 10-Q filing with the Securities and Exchange Commission.

The February redemption resulted in $463.5 million of the debt repurchase authorization remaining as of March 31, the filing said.

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


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