KB Home (NYSE:KBH) has priced an offering of $265 million aggregate principal amount of 9.100% Senior Notes due 2017. It intends to use at least some of the proceeds of the offering to redeem shorter-term, 6 3/8% senior notes due in 2011. Any remaining funds from the offering would be used for general corporate purposes. The offering is expected to close on July 30, 2009, subject to customary closing conditions. Citi is acting as book-running manager.
