debt
confidence high
sentiment neutral
materiality 0.45
DHI Mortgage extends repurchase facility to $1.4B, adds M&T Bank as buyer
HORTON D R INC /DE/
- Max aggregate commitment increased to $1.4B with accordion to $2.0B.
- Termination date extended to May 6, 2026.
- Manufacturers and Traders Trust Co. joined as a new buyer.
- Facility not guaranteed by D.R. Horton or its homebuilding/rental/Forestar units.
- Provides mortgage loan warehouse financing for DHI Mortgage, a wholly-owned subsidiary.