---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-278147"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:43:52.856735+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# KB Home enters $1.2B revolver due 2030, extends $360M term loan to 2029

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-278147
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000119312525278147/0001193125-25-278147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000119312525278147/d55326d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-278147
- JSON: https://secwatch.observer/filing/0001193125-25-278147.json
- Plain text: https://secwatch.observer/filing/0001193125-25-278147.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000119312525278147/0001193125-25-278147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.