---
schema_version: "secwatch.filing_event.v1"
accession: "0000882184-23-000102"
form_type: "8-K"
ticker: "DHI"
cik: "0000882184"
company_name: "HORTON D R INC /DE/"
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:26:16.097656+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# D.R. Horton subsidiary extends $1.025B credit facility to 2027, raises accordion to $2.0B

## Summary
- Amendment No. 1 to $1.025B senior unsecured revolving credit facility extends termination date to October 10, 2027 from March 2027.
- Accordion feature increased to permit aggregate facility limit up to $2.0B, subject to conditions and bank commitments.
- DRH Rental is borrower; D.R. Horton and its homebuilding, Forestar and financial services subsidiaries do not guarantee the facility.
- Pricing schedule unchanged: SOFR margin 1.75%-2.50%, base rate margin 0.75%-1.50%, fee rate 0.225%-0.375% based on leverage ratio.
- Facility continues to be used for working capital and general corporate purposes of DRH Rental and subsidiaries.

## SEC filing metadata
- accession: 0000882184-23-000102
- form_type: 8-K
- ticker: DHI
- cik: 0000882184
- company_name: HORTON D R INC /DE/
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882184/000088218423000102/0000882184-23-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882184/000088218423000102/dhi-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000882184-23-000102
- JSON: https://secwatch.observer/filing/0000882184-23-000102.json
- Plain text: https://secwatch.observer/filing/0000882184-23-000102.txt

## Key facts
- Material Agreements
  HORTON D R INC /DE/ amended Amendment No. 1 with Mizuho Bank, Ltd., as Administrative Agent, and the Lenders named therein valued at $1.025 billion senior unsecured revolving credit facility (effective 2023-10-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Mizuho Bank, Ltd., as Administrative Agent, and the Lenders named therein
  - Value: $1.025 billion senior unsecured revolving credit facility
  - Effective: 2023-10-10
  source text: Effective October 10, 2023, DRH Rental, Inc. (“ DRH Rental ”), a wholly-owned subsidiary of D.R. Horton, Inc., Mizuho Bank, Ltd., as Administrative Agent, and the Lenders named therein entered into Amendment No. 1 (the " Amendment No. 1 ") to the Credit Agreement dated as of March 4, 2022 (as so amended, the “ Credit Agreement ”) with respect to its $1.025 billion senior unsecured revolving credit facility (the “ Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000102/0000882184-23-000102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.