Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HORTON D R INC /DE/ amended revolving credit with Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender at SOFR-based interest rates maturing October 28, 2027.
- Instrument
- revolving credit
- Counterparty
- Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender
- Rate
- SOFR-based interest rates
- Maturity
- October 28, 2027
- Event
- amendment
Exact text from the filing
Pursuant to the terms of Amendment No. 11, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 28, 2027 and replace the LIBOR-based interest rate applicable to borrowings under the Credit Agreement with SOFR-based interest rates
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
HORTON D R INC /DE/ amended Amendment No. 11 to Credit Agreement with Mizuho Bank, Ltd. and the Lenders valued at Extended Revolving Credit Facility Termination Date to October 28, 2027 and replaced LIBOR-based int (effective 2022-10-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Mizuho Bank, Ltd. and the Lenders
- Value
- Extended Revolving Credit Facility Termination Date to October 28, 2027 and replaced LIBOR-based int
- Effective
- 2022-10-28
Exact text from the filing
Effective October 28, 2022, D.R. Horton, Inc. (the “ Borrower ”) and Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender (“ Mizuho ” or “ Administrative Agent ”) and the Lenders entered into Amendment No. 11 (the “ Amendment No. 11 ”) to the Credit Agreement dated as of September 7, 2012 as amended prior to the date hereof (as so amended, the “ Credit Agreement ”). Pursuant to the terms of Amendment No. 11, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 28, 2027 and replace the LIBOR-based interest rate applicable to borrowings under the Credit Agreement with SOFR-based interest rates, subject to adjustment as specified in Amendment No. 11. The description and terms of Amendment No. 11 provided herein are qualified in their entirety by reference to the full and complete terms contained in Amendment No. 11, which is attached to this Form 8-K as Exhibit 10.1 and incorporated
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