secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0000882184-23-000102
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000102/0000882184-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000102/dhi-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000882184-23-000102

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