EX-99.1 2 d936307dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Forestar Announces Proposed Offering of Senior Unsecured Notes ARLINGTON, Texas - (Business Wire) - March 5, 2025 - Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it is proposing to sell $500 million aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). The Notes will be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. Forestar intends to use the net proceeds from this offering to fund a tender offer for any and all of its $400 million aggregate principal amount of existing 3.850% Senior Notes due 2026 and for general corporate purposes, including to repay outstanding borrowings under the Company’s credit facility. The Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an app…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Forestar Group Inc.
FORNYSEEQUITYCurrent
Other Events
Item 8.01. Other Events. On March 5, 2025, Forestar Group Inc. (“Forestar”) issued a press release announcing that it proposed to sell $500 million aggregate principal amount of senior notes due 2033. On March 5, 2025, Forestar also issued a press release announcing that it has priced an offering of $500 million aggregate principal amount of 6.500% Senior Notes due 2033.…
Company context
Forestar Group Inc. is a residential lot development company with operations in 62 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 14,200 residential lots during the twelve-month period ended December 31, 2024. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002.
Current securities
Disclosure sections
Item 8.01Item 8.01 - Other Events
Filed exhibits (2)
EX-99.2 3 d936307dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Forestar Announces Pricing of $500 Million Offering of Senior Unsecured Notes ARLINGTON, Texas - (Business Wire) - March 5, 2025 - Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it has priced an offering of $500 million aggregate principal amount of 6.500% senior unsecured notes due 2033 (the “Notes”). The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on March 14, 2025, subject to customary closing conditions. The Notes will rank equally in right of payment to all of Forestar’s existing and future senior unsecured debt. Interest will be payable semi-annually at a rate of 6.500% per year for the Notes. The Notes will mature on March 15, 2033. Forestar intends to use the net proceeds from this offering to fund a tender offer for any and all of its $400 million aggregate principal amount of existing 3.850% Senior Note…
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