-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M0CSnUwHSDJANJLadhJv9m0M57hpZJGJnC4Pb8LMGzR50u03LQ4DL/LNOAZm2cWh g3Azb0VnfeEJqydhV6VrzQ== 0000950134-04-008995.txt : 20040618 0000950134-04-008995.hdr.sgml : 20040618 20040618093841 ACCESSION NUMBER: 0000950134-04-008995 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040618 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HORTON D R INC /DE/ CENTRAL INDEX KEY: 0000882184 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 752386963 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14122 FILM NUMBER: 04869896 BUSINESS ADDRESS: STREET 1: 1901 ASCENSION BLVD STREET 2: STE 100 CITY: ARLINGTON STATE: TX ZIP: 76006 BUSINESS PHONE: 8178568200 MAIL ADDRESS: STREET 1: 1901 ASCENSION BLVD STREET 2: SUITE 100 CITY: ARLINGTON STATE: TX ZIP: 76006 8-K 1 d16222e8vk.htm FORM 8-K e8vk
Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

June 18, 2004


(Date of Report—Date of Earliest Event Reported)

D.R. Horton, Inc.


(Exact Name of Registrant as Specified in its Charter)
         
Delaware
(State or Other Jurisdiction
  1-14122
(Commission File Number)
  75-2386963
(IRS Employer Identification No.)
of Incorporation)        

1901 Ascension Boulevard, Suite 100, Arlington, Texas 76006


(Address of Principal Executive Offices)

(817) 856-8200


(Registrant’s Telephone Number, Including Area Code)


(Former Name or Former Address, if Changed Since Last Report)



 


TABLE OF CONTENTS

Item 5. Other Events.
Item 7. Financial Statements and Exhibits.
Item 9. Regulation FD Disclosure.
SIGNATURE
EXHIBIT INDEX
Press Release


Table of Contents

Item 5. Other Events.

     On June 18, 2004, D.R. Horton, Inc. (the “Company”) exercised $210 million of a $250 million accordion feature contained in its existing $1.0 billion unsecured revolving credit facility. The exercise of the accordion feature increases the amount available to the Company under this credit facility from $1.0 billion to $1.210 billion.

Item 7. Financial Statements and Exhibits.

(c)        Exhibits:

     
            99.1
  Press Release dated June 18, 2004 related to the
  Company’s announcement that it has increased its revolving
  credit facility to $1.21 billion.

Item 9. Regulation FD Disclosure.

     On June 18, 2004, the Company issued a press release related to the Company’s announcement that it has increased its revolving credit facility to $1.21 billion. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in its entirety into this Item 9.

     The information furnished in this Item 9 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 


Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: June 18, 2004


  D.R. Horton, Inc.
 
 
  By:   /s/ Bill W. Wheat    
    Bill W. Wheat   
    Executive Vice President and
Chief Financial Officer 
 

 


Table of Contents

         

EXHIBIT INDEX

     
Exhibit    
Number
  Exhibit
99.1
  Press Release dated June 18, 2004 related to the Company’s announcement
  that it has increased its revolving credit facility to $1.21 billion.

 

EX-99.1 2 d16222exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1

     
  Stacey H. Dwyer, EVP
1901 Ascension Blvd., Suite 100, Arlington, TX 76006
817-856-8200
   
June 18, 2004
   

D.R. HORTON, INC. INCREASES REVOLVING CREDIT FACILITY TO $1.21 BILLION

     ARLINGTON, TEXAS, Friday, June 18, 2004 — D.R. Horton, Inc. (NYSE:DHI) announced that it has increased its unsecured revolving credit facility to $1.21 billion from $1.0 billion.

     Donald R. Horton, Chairman of the Board, said, “We appreciate the continued support of our lenders as we increase our revolving credit facility. The increase will give us additional flexibility in our capital structure as we deliver our record backlog and position the Company for future growth.”

     Founded in 1978, D.R. Horton, Inc. is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. D.R. Horton currently builds and sells homes in 21 states and 51 markets, with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest and Western regions of the United States. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.

     Portions of this document may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to D.R. Horton on the date this release was issued. D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements in this release relate to our future growth and our plans to deliver our record backlog. Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: changes in general economic, real estate and business conditions; changes in interest rates and the availability of mortgage financing; governmental regulations and environmental matters; the Company’s substantial leverage; competitive conditions within the industry; the availability of capital to the Company on favorable terms; the Company’s ability to integrate its acquisitions and successfully effect the cost savings, operating efficiencies and revenue enhancements that are believed available and otherwise to successfully effect its other growth strategies. Additional information about issues that could lead to material changes in performance is contained in D.R. Horton’s annual report on Form 10-K and most recent quarterly reports on Form 10-Q, which are filed with the Securities and Exchange Commission.

WEBSITE ADDRESS: http://www.DRHORTON.com

 

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