The company said DHI Mortgage Company, Ltd., a wholly owned subsidiary, entered into the Fourth Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers effective May 8, 2025.

1. 01

   The company said DHI Mortgage Company, Ltd., a wholly owned subsidiary, entered into the Fourth Amendment to the Fourth Amended and Restated Master Repurchase Agreement with U.S. Bank National Association and other buyers effective May 8, 2025.

2. 02

   D.R. Horton said the Amended Repurchase Facility has a Maximum Aggregate Commitment of $1.4 billion, with an accordion feature that allows it to be increased to up to $2.0 billion. The increase depends on the Administrative Agent obtaining higher committed amounts from existing Buyers or adding new buyers.

3. 03

   The company said amounts outstanding under the Amended Repurchase Facility are not guaranteed by D.R. Horton, Inc. or by the subsidiaries that guarantee its homebuilding, rental and Forestar debt. It said the term runs through the earlier of May 6, 2026 or the date the Buyers' commitments terminate.

4. 04

   The company said the Amended Repurchase Facility provides financing and liquidity to DHI Mortgage through purchase transactions in which DHI Mortgage transfers eligible loans to Buyers against the Buyers' transfer of funds, making them purchased loans.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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