{"schema_version":"secwatch.filing_event.v1","accession":"0000822416-23-000037","form_type":"8-K","ticker":"PHM","cik":"0000822416","company_name":"PULTEGROUP INC/MI/","filed_at":"2023-08-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.731830+00:00","generated_at":"2026-06-11T08:09:04.995313+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Pulte Mortgage enters $850M repurchase facility with JPMorgan to finance mortgage origination","bullets":["Maximum aggregate commitment $850M with accordion feature to $900M; initial commitment $560M.","Seasonal adjustments: increases to $850M on Dec 27, 2023; reduces to $600M Jan 16, 2024; increases to $700M June 26, 2024.","Expires August 14, 2024; pricing based on Adjusted Term SOFR or default rate.","Obligations not guaranteed by PulteGroup or its subsidiaries that guarantee PulteGroup's senior notes.","Covenants include minimum Adjusted Tangible Net Worth, Leverage Ratio, Liquidity, and Net Income thresholds."],"urls":{"canonical":"https://secwatch.observer/filing/0000822416-23-000037","json":"https://secwatch.observer/filing/0000822416-23-000037.json","markdown":"https://secwatch.observer/filing/0000822416-23-000037.md","text":"https://secwatch.observer/filing/0000822416-23-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/822416/000082241623000037/0000822416-23-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/822416/000082241623000037/phm-20230816.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:09:04.995313+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1cae934064a342e186e7cbf386ab8c5ed3e78386","claim":"PULTEGROUP INC/MI/ incurred credit facility of $850 million with JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers at Adjusted Term SOFR Rate maturing August 14, 2024.","evidence_excerpt":"(\"PulteGroup\"), entered into a Master Repurchase Agreement (the “Repurchase Agreement”) with JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers (\"Agent\"), and the other Buyers listed therein.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/822416/000082241623000037/0000822416-23-000037-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$850 million"},{"label":"Counterparty","value":"JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers"},{"label":"Rate","value":"Adjusted Term SOFR Rate"},{"label":"Maturity","value":"August 14, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"71ca0c1e5ed46000b596539abd965b8846ce0d5e","claim":"PULTEGROUP INC/MI/ entered into Master Repurchase Agreement with JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers valued at maximum aggregate commitment of $850 million (effective 2023-08-16).","evidence_excerpt":"On August 16, 2023 , Pulte Mortgage LLC (“Pulte Mortgage”), a wholly-owned subsidiary of PulteGroup, Inc. (\"PulteGroup\"), entered into a Master Repurchase Agreement (the “Repurchase Agreement”) with JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers (\"Agent\"), and the other Buyers listed therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/822416/000082241623000037/0000822416-23-000037-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase, as Agent and representative of itself as a Buyer and the other Buyers"},{"label":"Value","value":"maximum aggregate commitment of $850 million"},{"label":"Effective","value":"2023-08-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}