Pulte Mortgage enters $800M repurchase facility with Comerica Bank

PULTEGROUP INC/MI/

Maximum commitment $800M ($850M accordion); initial $655M with seasonal adjustments.
Expires July 27, 2023; replaces similar facility that expired July 28, 2022.
Pricing based on Daily Adjusting BSBY plus Applicable Margin; not guaranteed by PulteGroup.
Covenants include Adjusted Tangible Net Worth, Liquidity, and Net Income thresholds.
Facility finances mortgage loan origination for Pulte Mortgage, a PulteGroup subsidiary.

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