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Lennar boosts revolver to $2.6B

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Lennar boosts revolver to $2.6B

Lennar Corp. amended and restated the credit agreement governing its unsecured revolving credit facility to increase the maximum potential borrowings to $2.6 billion from $2.0 billion, among other things.

The maturity of class A lenders' commitments was extended to April 2023 from June 2022. The commitments amount to $2.1 billion.

The class B lenders' commitment, presently at $70 million, terminates in June 2018 and the class C lenders' commitment, $50 million at present, terminates in June 2020.

JPMorgan Chase Bank NA is the swingline lender, issuing lender and administrative agent.