8-KMaterial AgreementsFinancial EventsExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Material Agreement (Aug 27, 2015)

Filed August 27, 2015For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on August 27, 2015, detailing an amendment to its Credit Agreement. The most significant update for investors is the extension of the Revolving Credit Facility Termination Date from its previous expiration to September 7, 2020. This extension provides the company with enhanced financial flexibility and a longer runway for its borrowing needs. This amendment, designated as Amendment No. 5, was entered into on August 26, 2015, with Mizuho Bank, Ltd. acting as the successor Administrative Agent, an Issuing Bank, and a Lender. The extended credit facility offers DHI increased confidence in its ability to manage liquidity and fund its ongoing operations and strategic initiatives over the next five years.

Key Highlights

  • 1D.R. Horton (DHI) amended its Credit Agreement on August 26, 2015.
  • 2The key change is the extension of the Revolving Credit Facility Termination Date to September 7, 2020.
  • 3Mizuho Bank, Ltd. is the successor Administrative Agent, Issuing Bank, and a Lender under the agreement.
  • 4This amendment provides DHI with greater financial flexibility for an extended period.
  • 5The filing incorporates the details of Amendment No. 5 by reference.
  • 6The amendment is effective as of August 26, 2015.
  • 7This action signals continued access to committed credit for DHI.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about the amendment to D.R. Horton's Credit Agreement, specifically extending the termination date of its Revolving Credit Facility.

The Revolving Credit Facility Termination Date has been extended to September 7, 2020.

Mizuho Bank, Ltd. is the successor Administrative Agent for the amended Credit Agreement.

This amendment specifically extends the termination date of the revolving credit facility. While it doesn't explicitly detail other changes to terms like interest rates or covenants in the 8-K summary, such amendments often involve adjustments. Investors would need to review the full Amendment No. 5 document for complete details.