Notes Payable (Tables)

12 Months Ended

Sep. 30, 2016

The Company’s notes payable at their principal amounts, net of any unamortized discounts and debt issuance costs, consist of the following:



	September 30,
	2016		2015
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility, maturing 2020	$	—	$	—
5.625% senior notes due 2016	—		170.1
6.5% senior notes due 2016	—		372.5
4.75% senior notes due 2017	349.5		348.7
3.625% senior notes due 2018	398.9		398.2
3.75% senior notes due 2019	498.0		497.3
4.0% senior notes due 2020	497.1		496.4
4.375% senior notes due 2022	347.7		347.4
4.75% senior notes due 2023	298.2		297.9
5.75% senior notes due 2023	397.3		397.0
Other secured notes	11.6		8.1
	$	2,798.3	$	3,333.6
Financial Services:
Mortgage repurchase facility, maturing 2017	$	473.0	$	477.9

The key terms of the Company’s senior notes outstanding as of September 30, 2016 are summarized below.



Notes Payable	Principal Amount	Date Issued	Date Due	Redeemable Prior to Maturity (1)	Effective Interest Rate (2)
	(In millions)
4.75% senior notes	$350.0	May 2012	May 15, 2017	Yes	5.0%
3.625% senior notes	$400.0	February 2013	February 15, 2018	Yes	3.8%
3.75% senior notes	$500.0	February 2014	March 1, 2019	Yes	3.9%
4.0% senior notes	$500.0	February 2015	February 15, 2020	Yes	4.2%
4.375% senior notes	$350.0	September 2012	September 15, 2022	Yes	4.5%
4.75% senior notes	$300.0	February 2013	February 15, 2023	Yes	4.9%
5.75% senior notes	$400.0	August 2013	August 15, 2023	Yes	5.9%

_____________


(1)	The Company may redeem the notes in whole at any time or in part from time to time, at a redemption price equal to the greater of 100% of their principal amount or the present value of the remaining scheduled payments on the redemption date, plus accrued interest.


(2)	Interest is payable semi-annually on each of the series of senior notes. The annual effective interest rate is calculated after giving effect to the amortization of debt issuance costs.