secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000822416-22-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pulte Mortgage enters $800M repurchase facility with Comerica Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000041/0000822416-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000041/phm-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000822416-22-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer