4.550% Notes due 2010 (CUSIP: 152312AP9)
Centex $300,000,000 N/A $252,329,000 84.11%7.875% Notes due 2011 (CUSIP: 152312AG9)
Centex $392,494,000 N/A $306,751,000 78.15%8.125% Notes due 2011 (CUSIP: 745867AH4)
Pulte $200,000,000 N/A $186,038,000 93.02%7.875% Notes due 2011 (CUSIP: 745867AL5)
Pulte $473,563,000 N/A $341,197,000 72.05% Offer for Notes listed below: Maximum Tender Offer7.500% Notes due 2012 (CUSIP: 152312AH7)
Centex $324,325,000 1 $214,587,000 66.16%5.450% Notes due 2012 (CUSIP: 152312AS3)
Centex $295,000,000 2 $168,207,000 57.02%5.125% Notes due 2013 (CUSIP: 152312AM6)
Centex $300,000,000 3 $111,341,000 37.11%5.700% Notes due 2014 (CUSIP: 152312AN4)
Centex $350,000,000 4 $123,859,000 35.39%5.250% Notes due 2015 (CUSIP: 152312AQ7)
Centex $450,000,000 4 $97,863,000 21.75%6.500% Notes due 2016 (CUSIP: 152312AT1)
Centex $480,000,000 4 $107,870,000 22.47%
The terms and conditions of the tender offers are described in the Offer
to Purchase, dated
Pulte also announced that it has elected to exercise its option as
described in the Company’s Offer to Purchase, dated
As described in the Offer to Purchase, if the aggregate principal amount
of Notes within an Acceptance Priority Level tendered in the Maximum
Tender Offer (as set forth in the table above) exceeds the
Pulte has retained BofA Merrill Lynch,
For additional information regarding the terms of the offers, please
contact: BofA Merrill Lynch at (888) 292-0070 (toll free) or (980)
388-4603 (collect),
Pulte’s obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and the related Letter of Transmittal. This press release is for informational purposes only and is not an offer to purchase or a solicitation of acceptance of the offers. Subject to applicable law, Pulte may amend, extend or, subject to certain conditions, terminate the offers.
Certain statements in this release constitute “forward-looking
statements.” Such forward-looking statements involve known risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among
other things, (1) adverse national and regional economic and business
conditions, including further deterioration in the unemployment rate and
the current downturn in the homebuilding industry; (2) interest rate
changes and the availability of mortgage financing; (3) continued
volatility and potential further deterioration in the debt and equity
markets, which have adversely impacted the banking and mortgage finance
industries, resulting in tightening of credit; (4) competition; (5) the
availability and cost of land and other raw materials used by the
Company in its homebuilding operations; (6) the availability and cost of
insurance covering risks associated with the Company’s business; (7)
shortages and the cost of labor; (8) weather-related slowdowns; (9) slow
growth initiatives and/or local building moratoria; (10) governmental
regulation and the interpretation of tax, labor and environmental laws;
(11) changes in consumer confidence and preferences; (12) required
accounting changes; (13) terrorist acts and other acts of war; (14) the
potential loss of tax benefits if we have an “ownership change” under
IRC Section 382; and (15) other factors of national, regional and global
scale, including those of a political, economic, business and
competitive nature. See the Company’s Annual Report on Form 10-K and
Annual Report to Shareholders for the year ended
About
With its merger complete,
Websites: www.pulteinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.foxandjacobs.com
Source:
Pulte Homes, Inc.
Company Contacts
Investors:
Jim Zeumer
(248) 433-4502
email: jim.zeumer@pulte.com