DHI · D.R. Horton, Inc.

D.R. Horton, Inc. executed Amendment No. 13 to its existing credit agreement, significantly expanding its revolving credit capacity from the previous undisclosed amount to $3.295 billion across three maturity tranches with staggered dates extending to 2031. This structured maturity profile provides the company with extended financial flexibility while managing refinancing risk. The amendment also increased the total credit facility limit to $4.0 billion, creating additional borrowing capacity beyond the current revolving commitments. Concurrently, DRH Rental, Inc., a wholly-owned subsidiary, extended its $1.050 billion senior unsecured revolving credit facility through Amendment No. 2, pushing the termination date to March 27, 2030. Both amendments included modifications to interest rate margins, which could impact borrowing costs, and refreshed extension options that provide future flexibility. The involvement of multiple major financial institutions as lenders and arrangers, including Mizuho Bank as administrative agent, demonstrates continued banking support for the company's operations and growth initiatives. These credit facility enhancements strengthen D.R. Horton's liquidity position and provide financial resources to support ongoing business activities in the homebuilding and rental sectors.