D.R. Horton unit extends revolver to 2027, expands accordion feature

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – D.R. Horton, Inc. wholly owned subsidiary DRH Rental, Inc. amended its $1,025,000,000 senior unsecured credit agreement with Mizuho Bank, Ltd. as administrative agent on Tuesday to extend the termination date to Oct. 10, 2027, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increases the accordion feature to permit the total credit facility limit to be increased up to $2 billion.

D.R. Horton is a Fort Worth-based single-family homebuilder.

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