Lennar upsizes revolving credit facility to $2.875B with $3.5B accordion capacity, extended to 2029

LENNAR CORP /NEW/

New Ninth Amended Credit Agreement increases revolving commitments to $2.875B, reducing to $2.65B in May 2027.
Final maturity extended to November 2029; includes $625M accordion feature for up to $3.5B total capacity.
Proceeds for working capital and general corporate purposes; certain homebuilding subsidiaries guarantee obligations.
Existing lenders include JPMorgan, BofA, Mizuho; relationship notes commercial arrangements with affiliates.

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