secwatch.observer — SEC 8-K summary
======================================

Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0000882184-22-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000046/0000882184-22-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000046/dhi-20220218.htm
  HTML page:      https://secwatch.observer/filing/0000882184-22-000046

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