D.R. Horton subsidiary amends mortgage repurchase facility; capacity raised to $1.6B base, up to $2.3B

HORTON D R INC /DE/

Fourth Amended and Restated Master Repurchase Agreement for DHI Mortgage increases Maximum Aggregate Commitment to $1.6 billion.
Scheduled increases during peak periods allow commitments from $1.8B to $2.2B; accordion feature permits up to $2.3B.
Facility not guaranteed by D.R. Horton or its homebuilding debt guarantors; matures February 17, 2023.
Pricing rate equals 1-month Term SOFR plus 1.50% margin; facility supports mortgage loan origination liquidity.
Replaces prior $1.0B? Third Amended facility dated Feb 2021; U.S. Bank remains administrative agent and swing line provider.

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