debt
confidence high
sentiment neutral
materiality 0.30
D.R. Horton amends credit facility: extends maturity to 2029, ups commitment to $2.23B
HORTON D R INC /DE/
- Aggregate revolving credit commitment increased to $2.23 billion.
- Revolving credit facility termination date extended to December 18, 2029.
- Pricing modified based on leverage ratio; SOFR margin ranges from 1.00% to 1.625%.
- The Toronto-Dominion Bank added $40 million as an increasing lender.
- Mizuho Bank remains administrative agent; multiple lenders participated.