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PulteGroup unit amends master repurchase agreement

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PulteGroup unit amends master repurchase agreement

A unit of homebuilder PulteGroup Inc. amended a master repurchase agreement with Comerica Bank, as agent, to extend the agreement's termination date and adjust its maximum aggregate commitment.

The amendment extends the termination date to Aug. 2, 2019, and adjusts $300.0 million of commitments from Aug. 3 through and including Sept. 23; $400.0 million of commitments from Sept. 24 through and including Dec. 25; $520.0 million of commitments from Dec. 26 through and including Jan. 14, 2019; $240.0 million of commitments from Jan. 15, 2019, through and including March 24, 2019; and $350.0 million of commitments from March 25, 2019, through maturity.

Comerica Bank, BMO Harris Bank NA and Branch Banking and Trust Co. are the buyers under the agreement.