trending Market Intelligence /marketintelligence/en/news-insights/trending/mlcpcwhdtlvz5gon7f8zwq2 content esgSubNav
In This List

Lennar boosts revolver to $2.6B


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

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.