SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 5, 2019
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|10990 Wilshire Boulevard, Los Angeles, California||90024|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (310) 231-4000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 8.01.|| |
Senior Notes Offerings and Optional Redemption of 4.75% senior notes due 2019
On February 5, 2019, KB Home (the Company) announced concurrent public offerings of $300.0 million in aggregate principal amount of senior notes due 2027 and an additional $100.0 million in aggregate principal amount of its existing series of 7.625% senior notes due 2023.
On February 5, 2019, the Company also announced that it priced these offerings, which are expected to close on February 20, 2019, subject to customary closing conditions.
The Company intends to use the net proceeds of these offerings to optionally redeem all $400.0 million of its outstanding 4.75% senior notes that mature on May 15, 2019. On February 5, 2019, the Company announced that it intends to request the issuance of a redemption notice by the trustee for these notes on February 6, 2019 specifying a redemption price of 100% of the principal amount of the notes to be redeemed plus accrued but unpaid interest thereon to the redemption date, payable on March 8, 2019.
A copy of the press release dated February 5, 2019 announcing the senior notes offerings is attached as Exhibit 99.1, and a copy of the press release dated February 5, 2019 announcing the pricing of the senior notes offerings and the Companys intent to optionally redeem the 2019 senior notes is attached as Exhibit 99.2. In connection with the pricing of the senior notes offerings, a copy of the Underwriting Agreement dated February 5, 2019 is attached as Exhibit 1.1.
|Item 9.01.|| |
Financial Statements and Exhibits.
|1.1||Underwriting Agreement, dated February 5, 2019, relating to the Companys 6.875% senior notes due 2027 and 7.625% senior notes due 2023.|
|99.1||Press Release dated February 5, 2019 announcing the senior notes offerings.|
|99.2||Press Release dated February 5, 2019 announcing the pricing of the offerings of 6.875% senior notes due 2027 and 7.625% senior notes due 2023 and the Companys intention to optionally redeem its 4.75% senior notes due 2019.|
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: February 5, 2019
|Jeff J. Kaminski|
Executive Vice President and Chief