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

Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0000882184-23-000075
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 DHI Mortgage enters $300M repurchase facility with RBC
-----------------------------------------------------------------------------

- DHI Mortgage (D.R. Horton unit) signed $300M repurchase facility with Royal Bank of Canada.
- Facility is uncommitted; RBC has no obligation to fund purchases of eligible residential mortgage loans.
- Interest rate based on SOFR plus pricing spread agreed per transaction.
- Financial covenants require minimum tangible net worth, liquidity, and max debt-to-net-worth ratio.
- Obligations are not guaranteed by D.R. Horton or its homebuilding/rental subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000075/0000882184-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000075/dhi-20230404.htm
  HTML page:      https://secwatch.observer/filing/0000882184-23-000075

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