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D.R. Horton unit expands repurchase facility to $800M

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D.R. Horton unit expands repurchase facility to $800M

D.R. HortonInc. unit DHI Mortgage Co. Ltd. amended its existing repurchasefacility to boost themaximum aggregate commitment amount to $800 million.

Accordingly, the committed sums available under the facilityare expanded to $700 million from Sept. 23 to Nov. 21, after which thecommitted sums will be $550 million during the last five days of any fiscalquarter and the first 25 days of the succeeding fiscal quarter.

D.R. Horton or any of its subsidiaries that guaranteehomebuilding debt do not guarantee the amounts outstanding under the facility.

U.S. Bank NA serves as a buyer and administrative agentunder the facility.