8-K - D.R. Horton, Inc. | StockGist

AI Analysis

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D.R. Horton, Inc. and its subsidiary DRH Rental, Inc. amended their credit agreements on March 27, 2026, increasing total revolving credit commitments to $4.345 billion and extending maturities.

Key Takeaways

1D.R. Horton's Aggregate Revolving Credit Commitment increased to $3.295 billion across multiple maturity tranches through Amendment No. 13.

2The Aggregate Credit Facility Limit for D.R. Horton was raised to $4.0 billion, expanding available credit capacity.

3DRH Rental's $1.050 billion senior unsecured revolving credit facility had its Termination Date extended to March 27, 2030 via Amendment No. 2.

4Both amendments modified applicable interest rate margins and refreshed extension options available to the companies.

5Mizuho Bank, Ltd. serves as successor Administrative Agent for D.R. Horton and Administrative Agent for DRH Rental.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. D.R. Horton, Inc. Credit Agreement Effective March 27, 2026 , D.R. Horton, Inc. (“D.R. Horton”), Mizuho Bank, Ltd.

Material Agreement

$3.29B$4.00B$1.05B

Source Document

2.03

. Item 9.01. Financial Statements and Exhibits. (d): 10.1 | Exhibits: Amendment No. 13 to Credit Agreement, dated March 27 , 2026, by and among D.R. Horton, Inc

Financing

Transaction Details

Material Agreement

Agreement: Amendment No. 13 to Credit Agreement
Parties: D.R. Horton, Inc., Mizuho Bank, Ltd. as successor Administrative Agent, an Issuing Bank and a Lender, and certain other Lenders

•Increase Aggregate Revolving Credit Commitment to $3.295 billion
•Increase Aggregate Credit Facility Limit to $4.0 billion
•Modify applicable interest rate margins
•Refresh extension options available to D.R. Horton
•Series C Revolving Credit Commitments mature October 28, 2027
•Series D Revolving Credit Commitments mature March 27, 2029
•Series E Revolving Credit Commitments mature March 27, 2031

Debt / Financing

Instrument: Revolving Credit Facility
Principal: $3.295 billion
Maturity: Multiple: October 28, 2027 (Series C), March 27, 2029 (Series D), March 27, 2031 (Series E)

Exhibits (3)

10.1

EX-10.1

10.2

EX-10.2

8-K