Title of Securities
and CUSIP Numbers |
Issuer |
Principal Amount Outstanding | Acceptance Priority Level |
Total Principal Amount Tendered |
Principal Amount Accepted |
Percentage of Outstanding Amount Accepted |
||||||
Offer for Notes listed below: Any and All Offer
|
|
|
|
|
|
|
||||||
4.550% Notes due 2010 (CUSIP: 152312AP9) |
Centex |
$300,000,000 |
N/A |
$252,573,000 |
$252,573,000 |
84.19% |
||||||
7.875% Notes due 2011 (CUSIP: 152312AG9) |
Centex |
$392,494,000 |
N/A |
$306,905,000 |
$306,905,000 |
78.19% |
||||||
8.125% Notes due 2011 (CUSIP: 745867AH4) |
Pulte |
$200,000,000 |
N/A |
$186,098,000 |
$186,098,000 |
93.05% |
||||||
7.875% Notes due 2011 (CUSIP: 745867AL5) |
Pulte |
$473,563,000 |
N/A |
$341,377,000 |
$341,377,000 |
72.09% |
||||||
Offer for Notes listed below: Maximum Tender Offer
|
|
|
|
|||||||||
7.500% Notes due 2012 (CUSIP: 152312AH7) |
Centex |
$324,325,000 |
1 |
$214,662,000 |
$214,662,000 |
66.19% |
||||||
5.450% Notes due 2012 (CUSIP: 152312AS3) |
Centex |
$295,000,000 |
2 |
$168,301,000 |
$168,301,000 |
57.05% |
||||||
5.125% Notes due 2013 (CUSIP: 152312AM6) |
Centex |
$300,000,000 |
3 |
$111,735,000 |
$30,084,000 |
10.03% |
||||||
5.700% Notes due 2014 (CUSIP: 152312AN4) |
Centex |
$350,000,000 |
4 |
$124,009,000 |
$0 |
0% |
||||||
5.250% Notes due 2015 (CUSIP: 152312AQ7) |
Centex |
$450,000,000 |
4 |
$97,863,000 |
$0 |
0% |
||||||
6.500% Notes due 2016 (CUSIP: 152312AT1) |
Centex |
$480,000,000 |
4 |
$107,906,000 |
$0 |
0% |
The terms and conditions of the tender offers are described in the Offer
to Purchase, dated
As described in the Offer to Purchase, because the aggregate principal
amount of notes within Acceptance Priority Level 3 tendered in the
Maximum Tender Offer (as set forth in the table above) exceeded the
Pulte previously announced that it had elected to exercise its option as
described in the Offer to Purchase, to accept for payment all notes
validly tendered in the Any and All Offer as of
Pulte retained BofA Merrill Lynch,
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 tender offers. Subject to applicable law, Pulte may amend, extend or, subject to certain conditions, terminate the tender 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
Websites: www.pulteinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.foxandjacobs.com
Source:
Investors: Jim Zeumer
(248) 433-4502
email: jim.zeumer@pulte.com