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Benzinga
Benzinga
Business
Shivani Kumaresan

KB Home Raises $350M Via Debt Offering

KB Home KBH NYSE
  • KB Home (NYSE:KBH) has commenced a public offering of $350.0 million of senior unsecured notes due 2030.
  • KB Home intends to use the net proceeds from this offering, together with cash on hand, toward the retirement of its outstanding 7.5% Senior Notes due 2022 and for general corporate purposes.
  • The company held $240.7 million in cash and equivalents as of February 28, 2022.
  • Price Action: KBH shares are trading higher by 0.21% at $33.43 on the last check Tuesday.
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