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Form 8-K · Current Report · Filed 2024-12-23

D.R. Horton, Inc. Extends and Amends Credit Agreement with Mizuho Bank

On December 18, 2024, D.R. Horton, Inc. entered into Amendment No. 12 to its Credit Agreement with Mizuho Bank, Ltd. as successor Administrative Agent, extending the Revolving Credit Facility Termination Date to December 18, 2029, modifying pricing, and increasing the Aggregate Revolving Credit Commitment to $2.23 billion.

Filer
D.R. Horton Inc. DHI · NYSE
Filed
Accession
0001193125-24-284294
CIK
0000882184
Signal
Medium impactConsumer Cyclical

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$139.61

Next session

+1.0%

Since filing

+2.5%

Latest close

$143.06

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from DHI reporting the same item, with the next session's move:

Exhibits (1)

About D.R. Horton Inc.

D.R. Horton Inc. is a prominent name in the real estate and construction industry, specializing in the development and sale of residential homes. As the largest homebuilder in the United States by volume, its primary function is to serve the growing demand for residential housing across diverse markets. The company offers a variety of homes catering to a broad range of consumer segments, from entry-level to luxury options, ensuring widespread coverage in the market. Operating in multiple regions across the U.S., D.R. Horton has a notable impact on both local economies and the broader real estate sector, playing a significant role in shaping housing availability and community development. Known for its efficient construction processes and strategic market positioning, the company supports the housing sector by contributing to inventory levels in response to population growth and urban expansion. Since its founding in 1978, D.R. Horton has maintained a strong presence in the financial markets, providing investors with insights into housing trends and economic health. Its performance often serves as a barometer for industry conditions, given the cyclical nature of real estate and its closely tied relationship with economic indicators such as interest rates and consumer confidence.

Exchange NYSE Industry Residential Construction Company website ↗

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