KB Home enters $1.2 billion revolving credit facility maturing in 2030
KB Home entered a new $1.2 billion revolving credit agreement maturing November 12, 2030, which replaces its prior $1.09 billion revolving facility, and amended and restated its $360.0 million term loan to extend maturity to November 12, 2029. The filing says the prior revolver was terminated with no early termination penalties, and the new revolver may be increased to up to $1.7 billion if additional lender commitments are obtained.
Key points
- New revolving facility: up to $1.2 billion, maturing November 12, 2030, for general corporate purposes
- Prior revolving facility of up to $1.09 billion, with Citibank, N.A. as administrative agent, was voluntarily terminated with no early termination penalties
- Term loan of $360.0 million amended and restated; maturity extended to November 12, 2029
- Interest spread ranges from 1.25% to 1.75% for term SOFR and daily SOFR loans, depending on leverage ratio
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits 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 November 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.