secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-278147
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000119312525278147/0001193125-25-278147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000119312525278147/d55326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-278147

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