Summary
This Form 8-K/A filing by D.R. Horton, Inc. (DHI) serves as an amendment to a previous 8-K filed on March 1, 2013. The primary purpose of this amendment is to correct a clerical error regarding the termination date of an Amended and Restated Master Repurchase Agreement (the "Repurchase Facility"). The original filing mistakenly stated the termination date as March 1, 2014, while the correct date, as intended by the agreement, is February 28, 2014. The amendment clarifies this specific detail without altering any other terms of the Repurchase Facility. For investors, this filing indicates a minor administrative correction and does not represent any new material events, financial changes, or strategic shifts. The Repurchase Facility itself is a financing arrangement involving DHI Mortgage Company, Ltd. (a subsidiary) and U.S. Bank National Association, among other buyers. Investors should note that the underlying agreement's terms remain substantially the same, with only the termination date being adjusted for accuracy.
Key Highlights
- 1Amendment to a previously filed Form 8-K dated March 1, 2013.
- 2Corrects the termination date of the Amended and Restated Master Repurchase Agreement (Repurchase Facility).
- 3Original termination date was incorrectly stated as March 1, 2014.
- 4Corrected termination date is February 28, 2014.
- 5No other terms or conditions of the Repurchase Facility were altered.
- 6The Repurchase Facility involves DHI Mortgage Company, Ltd. and U.S. Bank National Association, among other buyers.
- 7The filing is administrative in nature and does not indicate new material events or financial performance changes.