---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-235213"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T19:02:08.297425+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KB Home enters $310M term loan to refinance 7.625% Senior Notes due 2023

## Summary
- Up to $310M senior unsecured term loan (expandable to $400M) with Wells Fargo as administrative agent.
- No initial draw; may draw through Nov 23, 2022; proceeds to redeem 7.625% Senior Notes due May 15, 2023.
- Interest rates: adjusted term SOFR or base rate plus spread 1.35%-1.90% or 0.35%-0.90% based on leverage.
- Maturity August 25, 2026; financial covenants include tangible net worth, leverage, liquidity, borrowing base.
- Change in control triggers repayment; customary events of default with cure periods.

## SEC filing metadata
- accession: 0001193125-22-235213
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000119312522235213/0001193125-22-235213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000119312522235213/d348624d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-235213
- JSON: https://secwatch.observer/filing/0001193125-22-235213.json
- Plain text: https://secwatch.observer/filing/0001193125-22-235213.txt

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