secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2026-05-12T13:45:26+00:00
Accession:  0000882184-26-000087
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/0000882184-26-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218426000087/dhi-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000882184-26-000087

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