secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0000882184-22-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000051/0000882184-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000051/dhi-20220304.htm
  HTML page:      https://secwatch.observer/filing/0000882184-22-000051

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