| Issuer: | KB Home |
|
| Ratings: | Ba1 (Moody’s); BB+ (S&P); BB+ (Fitch) |
|
| Issue of Securities: | 7 1/4% Senior Notes due 2018 |
|
| Principal Amount: | $300,000,000 |
|
| Coupon: | 7 1/4% per annum, accruing from April 3, 2006 |
|
| Interest Payment Dates: | Semi annually on June 15 and December 15,
commencing December 15, 2006 |
|
| Maturity: | June 15, 2018 |
|
| Treasury Benchmark: | 4.500% due February 15, 2016 |
|
| US Treasury Yield: | 4.703% |
|
| Spread to Treasury: | 2.580% |
|
| Re-offer Yield: | 7.283% |
|
| Initial Price to Public: | The Notes will be offered from time to time
for sale in one or more negotiated
transactions, or otherwise, at varying prices
to be determined at the time of each sale |
|
| Proceeds, before expenses, to KB Home: | per Note: 99.486%; Total: $298,458,000 |
|
| Optional Redemption: | Make Whole Treasury Rate + 35 basis points |
|
| Minimum Denomination: | $1,000 |
|
| Settlement Date: | April 3, 2006 |
|
| CUSIP: | 48666KAN9 |
|
| Underwriter: | Banc of America Securities LLC |