FORESTAR GROUP INC.

Offer to Purchase for Cash
Any and All of the Outstanding Senior Notes Listed Below

Title of Security CUSIP Number / ISIN Principal Amount Outstanding

3.850% Senior Notes due 2026(1)

Rule 144A: 346232 AF8 / US346232AF83
Reg. S: U3455L AC8 / USU3455LAC82

$400,000,000

(1) On or after May 15, 2025, the Offeror (as defined below) is entitled to redeem all or a part of the Notes, at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest, if any, to but excluding the applicable redemption date.

The Tender Offer will expire at 5:00 p.m., New York City time, on March 11, 2025, unless extended or earlier terminated (such time and date, as the same may be extended, the “Expiration Time”). Guaranteed deliveries will expire at 5:00 p.m., New York City time, on the second business day following the Expiration Time. Holders of Notes must validly tender, and not validly withdraw, their Notes prior to the Expiration Time to be eligible to receive the Purchase Price. Tendered Notes may be withdrawn at any time prior to the Expiration Time.


To view copies of the Tender Offer documents please click on the links below

Offer to Purchase

Notice of Guaranteed Delivery

Press Release


Any questions, requests for assistance or requests for additional copies of this Offer to Purchase or the Notice of Guaranteed Delivery may be directed to the Information Agent at its telephone number or address set forth below.

              The Information Agent for the Tender Offer is:

D.F. KING & CO., INC.

48 Wall Street, 22nd Floor
New York, NY 10005
Banks and Brokers Call: (212) 269-5550
All Others Call Toll Free: (866) 356-7813
Email: FOR@dfking.com

The Dealer Managers for the Tender Offer are:

J.P. Morgan

Mizuho

TD Securities

Wells Fargo Securities

Any requests for assistance relating to the terms and conditions of the Tender Offer may be directed to J.P. Morgan at its address and telephone numbers set forth below.

J.P. Morgan Securities LLC

383 Madison Avenue
New York, New York 10179
U.S. Toll Free: (866) 834-4666
Collect: (212) 834-4818
Attention: Liability Management Group