8-K filings in December 2024, explained

Lennar amends credit facility, lenders' commitments raised to $2.875 billion

Lennar amended and restated its unsecured revolving credit facility on November 25, 2024, increasing lender commitments to $2.875 billion until May 2027, when they step down to $2.650 billion until final maturity in November 2029. A $625 million accordion feature could lift maximum borrowing capacity to $3.5 billion, subject to additional commitments. The change expands the company's available borrowing capacity under the facility.

• Lender commitments increased to $2.875 billion until May 2027, then reduced to $2.650 billion until final maturity in November 2029
• $625 million accordion feature could raise maximum potential borrowing capacity to $3.5 billion, subject to additional commitments
• Proceeds may be used for working capital and general corporate purposes
• Certain primarily homebuilding subsidiaries guarantee the company's obligations under the Ninth Amended and Restated Credit Agreement