D.R. Horton subsidiary amends repurchase facility, reduces maximum accordion to $2.0B

HORTON D R INC /DE/

Maximum Aggregate Commitment unchanged at $1.6B; accordion feature reduced from $2.3B to $2.0B.
Termination date extended to February 13, 2025; swing line limit set at $300M.
Applicable margin set at 1.60%; two new buyers added: Merchants Bank of Indiana and Hinsdale Bank & Trust.
Facility is not guaranteed by D.R. Horton, Inc. or its homebuilding subsidiaries.

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 Second Amendment with U.S. Bank National Association valued at Maximum Aggregate Commitment amount of $1.6 billion (effective 2024-02-16).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association
Value: Maximum Aggregate Commitment amount of $1.6 billion
Effective: 2024-02-16

Exact text from the filing

Effective February 16, 2024, DHI Mortgage Company, Ltd., a Texas limited partnership ("DHI Mortgage"), and a wholly-owned subsidiary of D.R. Horton, Inc., a Delaware corporation, U.S. Bank National Association, as a buyer, and as administrative agent ("Administrative Agent") and other buyers listed as a buyer (collectively, the "Buyers") hereto entered into the Second Amendment (the "Amendment") to the Fourth Amended and Restated Master Repurchase Agreement dated as of February 18, 2022 as amended prior to the date hereof (as so amended, the "Amended Repurchase Facility")

View on SEC.gov

148 material agreements filed in the last 30 days. Browse all material agreements →

HORTON D R INC /DE/ filing history →

Source: SEC EDGAR

accession 0000882184-24-000018

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.