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OFFON

D.R. HORTON, INC.

(DHI)
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HORTON D R INC /DE/ : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

04/22/2021 | 05:02pm EDT

Item 1.01. Entry into a Material Definitive Agreement.

Effective April 20, 2021, D.R. Horton, Inc. (the "Borrower") and Mizuho Bank, Ltd., as successor Administrative Agent, an Issuing Bank and a Lender ("Mizuho" or "Administrative Agent") and the Lenders entered into Amendment No. 10 (the "Amendment No. 10") to the Credit Agreement dated as of September 7, 2012 as amended prior to the date hereof (as so amended, the "Credit Agreement").

Pursuant to the terms of Amendment No. 10, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to April 20, 2026, increase the Aggregate Revolving Credit Commitment to $2.19 billion and modify the pricing for outstanding commitments, borrowings and letters of credit under the Revolving Credit Facility, as set forth on the Pricing Schedule that is attached to Amendment No. 10.

Pursuant to the terms of Amendment No. 10, the Administrative Agent and the Lenders party thereto also agreed to increase the Credit Agreement's accordion feature to permit the Aggregate Credit Facility Limit to be increased up to $3.0 billion, subject to certain conditions and availability of bank commitments. Such increase may be in the form of additional Revolving Credit Commitments or Incremental Term Loans.

The description and terms of Amendment No. 10 provided herein are qualified in their entirety by reference to the full and complete terms contained in Amendment No. 10, which is attached to this Form 8-K as Exhibit 10.1 and incorporated by reference herein. Capitalized terms not defined herein are defined in Amendment No. 10 or as provided therein.

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

           Off-Balance Sheet Arrangement of a Registrant.


All the information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibit




10.1      Amendment No. 10 to Credit Agreement, dated April 20, 2021 by and among
        D.R. Horton, Inc., Mizuho Bank, Ltd., as successor Administrative Agent,
        and the Lenders named therein.

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




                                       2

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