Pulte Mortgage enters $650M repurchase facility with Comerica Bank, replacing prior agreement

PULTEGROUP INC/MI/

Facility commitment initially $580M, rising to $650M Dec 27, 2021, then $460M Jan 14, 2022, and $550M June 27, 2022; accordion to $700M.
Advances priced at LIBOR plus Applicable Margin; term expires July 28, 2022 unless earlier termination.
Obligations under the facility are not guaranteed by PulteGroup or its senior note guarantors.
Proceeds used to finance mortgage loan origination, replacing a prior agreement that expired July 29, 2021.

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