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AI brief of an SEC Form 8-K · D. R. Horton (DHI)

D.R. Horton unit amends repurchase facility, commitment set at $1.4 billion

Neutral Impact 2 of 5 financing Written later

A wholly-owned subsidiary of D.R. Horton, DHI Mortgage Company, entered into a fourth amendment to its master repurchase agreement with U.S. Bank National Association and other buyers, effective May 8, 2025. The facility provides financing and liquidity to the mortgage unit by letting it sell eligible loans to buyers, with a maximum commitment of $1.4 billion that can rise to $2.0 billion through an accordion feature. The filing says amounts outstanding are not guaranteed by D.R. Horton or the subsidiaries that guarantee its homebuilding, rental or Forestar debt.

Key points

  • Maximum aggregate commitment is $1.4 billion, with an accordion feature up to $2.0 billion
  • Facility term runs through the earlier of May 6, 2026 or an earlier termination date
  • Amounts outstanding are not guaranteed by D.R. Horton or its debt-guaranteeing subsidiaries
  • Amendment dated May 8, 2025 is filed as Exhibit 10.1

The filing

CompanyD. R. Horton (DHI)
Form8-K, current report
Filed with the SECMay 9, 2025, 3:45 PM ET
Accession number0000882184-25-000028

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.