KB Home amends revolver, decreasing size, changing net worth requirement

By Sara Rosenberg

New York, Jan. 28 - KB Home amended its revolving credit facility, reducing the size to $1.3 billion from $1.5 billion and revising the minimum consolidated tangible net worth covenant, according to an 8-K filed with the Securities and Exchange Commission Monday.

The amendment was completed on Jan. 25.

Bank of America is the administrative agent on the deal.

KB Home is a Los Angeles-based builder of single-family homes.

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