secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001193125-24-268928
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000119312524268928/0001193125-24-268928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000119312524268928/d899165d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-268928

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