secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0000822416-24-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pulte Mortgage extends repurchase facility to Aug 2025, adds EverBank as buyer
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- Pulte Mortgage LLC amended its $675 million Master Repurchase Agreement, extending to August 13, 2025, with an accordion feature up to $725 million.
- Maximum commitment decreases to $650 million on January 14, 2025, and remains at that level through expiration.
- EverBank, N.A. joined as a new buyer; syndicate now includes JPMorgan Chase, Texas Capital Bank, Truist, and EverBank.
- Amendment revised definitions of Adjusted Tangible Net Worth and Liquidity and modified Aged Loan buyback threshold to $5 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000032/0000822416-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000032/phm-20240814.htm
  HTML page:      https://secwatch.observer/filing/0000822416-24-000032

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