---
schema_version: "secwatch.filing_event.v1"
accession: "0000882184-26-000087"
form_type: "8-K"
ticker: "DHI"
cik: "0000882184"
company_name: "HORTON D R INC /DE/"
filed_at: "2026-05-12T13:45:26+00:00"
generated_at: "2026-05-12T13:48:49.697315+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# D.R. Horton subsidiary extends repurchase facility to $1.925B, maturity to 2029

## Summary
- Maximum commitment increased to $1.925B; maturity extended to May 4, 2029 with up to three one-year extensions.
- Applicable margin set at 1.90%; non-usage fee of 0.20% per annum on unused commitment.
- Financial covenants: minimum consolidated tangible net worth $200M; max debt-to-tangible net worth 8.0:1.
- Facility is not guaranteed by D.R. Horton or its homebuilding/rental/forestar subsidiaries.
- Manufacturers and Traders Trust Co. and Bank of Nova Scotia added as joint lead arrangers.

## SEC filing metadata
- accession: 0000882184-26-000087
- form_type: 8-K
- ticker: DHI
- cik: 0000882184
- company_name: HORTON D R INC /DE/
- filed_at: 2026-05-12T13:45:26+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/0000882184-26-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/dhi-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000882184-26-000087
- JSON: https://secwatch.observer/filing/0000882184-26-000087.json
- Plain text: https://secwatch.observer/filing/0000882184-26-000087.txt

## Key facts
- Debt Financings
  HORTON D R INC /DE/ amended credit facility of $1.925 billion Maximum Aggregate Commitment with U.S. Bank National Association at modified certain pricing terms and fees maturing May 4, 2029.
  - Instrument: credit facility
  - Principal: $1.925 billion Maximum Aggregate Commitment
  - Counterparty: U.S. Bank National Association
  - Rate: modified certain pricing terms and fees
  - Maturity: May 4, 2029
  - Event: amendment
  source text: the "Amended Repurchase Facility"). Pursuant to the terms of the Amendment, the parties agreed to, among other things, (i) increase the Maximum Aggregate Commitment amount to $1.925 billion, (ii) extend the maturity date to May 4, 2029, subject to additional extension options, (iii) modify certain pricing terms and fees, and (iv) modify certain financial covenants.
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/0000882184-26-000087-index.htm
- Material Agreements
  HORTON D R INC /DE/ amended Fifth Amendment with U.S. Bank National Association valued at $1.925 billion (effective 2026-05-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: $1.925 billion
  - Effective: 2026-05-06
  source text: Effective May 6, 2026, DHI Mortgage Company, Ltd. ("DHI Mortgage"), a wholly-owned subsidiary of D.R. Horton, Inc., U.S. Bank National Association, as a buyer, and as administrative agent ("U.S. Bank" or "Administrative Agent") and other buyers listed as a buyer (collectively, the "Buyers") hereto entered into the Fifth 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/0000882184-26-000087-index.htm

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