- KB Home (NYSE:KBH) repaid $230M of 1.375% convertible senior notes at their maturity on Feb. 1, 2019.
- Conversion rate on the notes equated to about 8.4M shares of common stock.
- The repayment is anticipated to reduce KB Home's diluted weighted average shares outstanding in Q1 2019 to about 97M.
- Previously: KB Home moves up 5.7% after Q4 EPS beats estimate (Jan. 9)