Cahill represented the initial purchasers in connection with a Rule 144A offering of $500 million aggregate principal amount of 6.500% senior notes due 2033 by Forestar Group Inc.
Cahill also represented the dealer managers in connection with Forestar Group Inc.’s tender offer of $400 million of its 3.850% senior notes due 2026.
Proceeds from the offering are to be used to fund the tender offer, repay outstanding amounts under Forestar’s revolving credit facility, and for general corporate purposes.
Forestar is a residential lot development company and a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilding company in the United States as measured by number of homes closed.