D.R. Horton subsidiary DRH Rental secures $625M credit facility, maturing 2026

HORTON D R INC /DE/

DRH Rental entered into a $625M 4-year unsecured revolver with Mizuho Bank as admin agent; maturity March 4, 2026.
Uncommitted accordion feature can increase facility to up to $1.25B, subject to conditions and lender commitments.
Borrowing base calculated on unrestricted cash and book value of multi-family, single-family rental, and CRE assets.
D.R. Horton does not guarantee the facility; it is a separate subsidiary obligation.

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