KB HOME (KBH): debt financing — KB Home enters $1.2B revolver due 2030, extends $360M term loan to 2029

KB HOME

New $1.2B revolving credit facility (expandable to $1.7B) matures Nov 12, 2030; replaces $1.09B prior facility.
Amended $360M term loan to extend maturity to Nov 12, 2029; no early termination penalties for prior revolver termination.
Interest rates based on SOFR plus spread of 1.25%-1.75% or base rate plus 0.25%-0.75%, tied to leverage ratio.
Loan facilities include financial covenants on tangible net worth, leverage, liquidity, and borrowing base.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KB HOME incurred revolving credit of up to $1.2 billion with Bank of America, N.A., as administrative agent at term SOFR, daily SOFR or base rate, plus a spread ranging from 1.25% to 1.75% fo maturing November 12, 2030.

Instrument: revolving credit
Principal: up to $1.2 billion
Counterparty: Bank of America, N.A., as administrative agent
Rate: term SOFR, daily SOFR or base rate, plus a spread ranging from 1.25% to 1.75% fo
Maturity: November 12, 2030
Event: incurrence

Exact text from the filing

On November 12, 2025, KB Home (the “Company”) entered into a revolving credit agreement (“Revolving Facility”) with the lenders party thereto and Bank of America, N.A., as administrative agent, providing the aggregate commitment of the lenders to make revolving loans to the Company in an amount of up to $1.2 billion.

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Source: SEC EDGAR

accession 0001193125-25-278147

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