Item 1.01. Entry into a Material Definitive Agreement.

Effective May 28, 2020, D.R. Horton, Inc. (the "Company") and certain subsidiaries of the Company, as Guarantors, entered into a credit agreement with the lenders named therein and Mizuho Bank, Ltd., as administrative agent (the "Credit Agreement") with respect to a $375 million 364-day senior unsecured revolving credit facility (the "Credit Facility" or the "Facility").

The Credit Facility has an uncommitted $175 million accordion feature which could increase the Facility to up to $550 million, subject to certain conditions and availability of additional bank commitments. Pricing under the Facility is determined by a Pricing Schedule that is based on the Company's Leverage Ratio. The Credit Facility will mature on May 27, 2021.

The Credit Agreement includes affirmative and negative covenants, events of default, and financial covenants that are the same as those contained in the credit agreement governing the Company's $1.59 billion senior unsecured revolving credit facility maturing on October 2, 2024.

The description and terms of the Credit Facility provided herein are qualified in their entirety by reference to the full and complete terms contained in the Credit Agreement governing the Facility which is attached to this Form 8-K as Exhibit 10.1. Capitalized terms not defined herein are defined in the Credit Agreement.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01. "Entry into a Material Definitive Agreement" is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.




  (d) Exhibits



  10.1*         364-Day Credit Agreement, dated May 28, 2020, among D.R. Horton,
              Inc., the guarantors party thereto, Mizuho Bank, Ltd., as
              administrative agent, joint book runner, arranger, and a lender, and
              the other lenders party thereto.

  104**       Cover Page Interactive Data File (embedded within the Inline XBRL
              document contained in Exhibit 101).

* Filed or furnished herewith.

** Submitted electronically herewith.




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