PulteGroup enters $1.25B credit facility, extends maturity to 2027

PULTEGROUP INC/MI/

Third Amended and Restated Credit Agreement provides $1.25B senior unsecured revolving credit facility.
Maturity extended from June 22, 2023 to June 14, 2027.
Uncommitted accordion feature allows increase to $1.75B, subject to conditions and lender commitments.
Financial covenants require minimum Tangible Net Worth and max Debt to Capitalization Ratio.
Facility replaces prior credit agreement with substantially similar terms; guaranteed by certain wholly-owned subsidiaries.

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