D.R. Horton said its subsidiary DHI Mortgage Company, Ltd. entered into the Second Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers, effective on February 16, 2024.

1. 01

   D.R. Horton said its subsidiary DHI Mortgage Company, Ltd. entered into the Second Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers, effective on February 16, 2024.

2. 02

   The company said the Amended Repurchase Facility provides financing and liquidity to DHI Mortgage by facilitating purchase transactions in which DHI Mortgage transfers eligible loans to the buyers against the transfer of funds by the buyers.

3. 03

   The company said the Amended Repurchase Facility has a Maximum Aggregate Commitment of $1.6 billion, with an accordion feature that allows it to be increased to up to $2.0 billion, subject to existing buyers increasing their committed sums or new buyers being added.

4. 04

   The company said amounts outstanding under this facility are not guaranteed by D.R. Horton, Inc. or by any of the subsidiaries that guarantee the debt of its homebuilding, rental or Forestar operations. It said the term runs through the earlier of February 13, 2025 or the date the buyers' commitments are terminated.

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