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D.R. Horton logoD.R. Horton DHI

D.R. Horton entered into Amendment No. 12 to its Credit Agreement with Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender, and certain other Lenders, effective December 18, 2024. The company said the amendment was entered into on September 7, 2012.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. D.R. Horton entered into Amendment No. 12 to its Credit Agreement with Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender, and certain other Lenders, effective December 18, 2024. The company said the amendment was entered into on September 7, 2012.

  2. The company agreed with the Administrative Agent and the relevant Lenders under Amendment No. 12 to extend the Revolving Credit Facility Termination Date for the Series A Revolving Credit Commitments to December 18, 2029.

  3. The company said Amendment No. 12 increases the Aggregate Revolving Credit Commitment to $2.23 billion and changes the pricing for the Series A Revolving Credit Commitments.

  4. The company said certain Lenders and their affiliates have provided investment banking, commercial banking and financial advisory services to it in the past and may provide them in the future. The full text of Amendment No. 12 is attached as Exhibit 10.1.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Amendment No. 12 Entered

D.R. Horton entered into Amendment No. 12 to its Credit Agreement with Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender, and certain other Lenders, effective December 18, 2024. The company said the amendment was entered into on September 7, 2012.

Source · Based on the filing body and exhibits

Series A Maturity Date Extended

The company agreed with the Administrative Agent and the relevant Lenders under Amendment No. 12 to extend the Revolving Credit Facility Termination Date for the Series A Revolving Credit Commitments to December 18, 2029.

Source · Based on the filing body and exhibits

Aggregate Revolving Credit Commitment Increased

The company said Amendment No. 12 increases the Aggregate Revolving Credit Commitment to $2.23 billion and changes the pricing for the Series A Revolving Credit Commitments.

Source · Based on the filing body and exhibits

Lender Relationships and Exhibits

The company said certain Lenders and their affiliates have provided investment banking, commercial banking and financial advisory services to it in the past and may provide them in the future. The full text of Amendment No. 12 is attached as Exhibit 10.1.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.