HORTON D R INC /DE/ 8K

DHI Mortgage Company, Ltd. amended and extended its large warehouse repurchase facility, adding new lender participants, revising pricing and fees, and updating covenants and terms, thereby maintaining and potentially lengthening its secured funding capacity through at least May 4, 2029.

On May 6, 2026, DHI Mortgage Company, Ltd. entered into a Fifth Amendment to its Fourth Amended and Restated Master Repurchase Agreement with a syndicate of warehouse lenders led by U.S. Bank National Association, which, among other changes, extends the contractual termination date of the facility to May 4, 2029 with a structured option for up to three additional extensions (not beyond the sixth anniversary of the Fifth Amendment Effective Date), adds Manufacturers and Traders Trust Co. and The Bank of Nova Scotia, Houston Branch as joint lead arrangers and joint bookrunners, admits The Bank of Nova Scotia, Houston Branch and Customers Bank as new Buyers with pro rata allocations of open transactions and commitments, revises key economic terms including setting the Applicable Margin at 1.90% and implementing a 0.20% per annum non-usage fee on unused commitment, clarifies mechanics for transaction termination and purchase price decreases, tightens or restates certain financial covenants (including a minimum consolidated tangible net worth of $200 million and a maximum leverage ratio of 8.0 to 1.0), adjusts lien limitations and default thresholds, and updates various operational, reporting, and payment procedures, all of which collectively refresh and expand DHI Mortgage’s warehouse funding capacity on updated terms while reaffirming the existing repurchase framework.

Filing Facts

CIK

882184

Ticker

DHI

Form

8K

Source Type

sec

Accession

0000882184-26-000087

Alert Tier

7