D.R. Horton subsidiary amends mortgage repurchase facility, increases commitment to $2.0B

HORTON D R INC /DE/

DHI Mortgage ups repurchase facility to $2.0B from prior amount; accordion feature allows up to $2.3B.
Facility extended to February 16, 2024; not guaranteed by D.R. Horton or its homebuilding subsidiaries.
New buyers added: Fifth Third Bank and Texas Capital Bank.
Amendment dated February 17, 2023; replaces prior Fourth Amended and Restated Master Repurchase Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HORTON D R INC /DE/ amended First Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers valued at $2.0 billion (effective 2023-02-17).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association and other buyers
Value: $2.0 billion
Effective: 2023-02-17

Exact text from the filing

the First Amendment to the Fourth Amended and Restated Master Repurchase Agreement (the "Amendment") . The Amendment modifies the Fourth Amended and Restated Master Repurchase Agreement dated as of February 18, 2022

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HORTON D R INC /DE/ filing history →

Source: SEC EDGAR

accession 0000882184-23-000039

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