Pulte Homes gets tenders for most 4 7/8% notes by early deadline; offer ends June 10

By Angela McDaniels

Tacoma, Wash., May 28 - Pulte Homes, Inc. had received tenders for $312.86 million of its 4 7/8% senior notes due 2009 as of 5 p.m. ET on May 27, the early tender date, according to a company news release.

The figure represents 92.3% of the $339 million of notes that were outstanding on March 31.

Holders who tendered by the early tender date will receive par, and the early settlement date is May 29.

Holders who tender after the early tender date but before the expiration date will receive $970 per note.

The tender offer began on May 13 and will expire at midnight ET on June 10.

Deutsche Bank Securities Inc. (866 627-0391 or collect 212 250-2955), Banc of America Securities LLC (866 475-9886 or collect 704 386-3244) and BNP Paribas Securities Corp. (800 854-5674 or collect 212 834-4533) are lead dealer managers. Global Bondholder Services Corp. (866 952-2200) is the information agent.

Pulte Homes is a homebuilder based in Bloomfield Hills, Mich.

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