8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Lennar Expands Credit Facilities to $5.545 Billion and Extends Revolver Maturities
Filed with the SEC on · Summarized by InvestorsBot
Lennar amended its revolving credit agreement with JPMorgan Chase, BofA Securities, Mizuho Bank and other lenders, increasing total commitments to $3.795 billion and potential borrowing capacity, including the accordion, to $4.545 billion. The company also added a $40 million delayed-draw term loan, raising outstanding term loans to $1.75 billion; the changes extend most revolving commitments to November 2031 and provide funding for working capital, general corporate purposes and acquisitions.