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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:42 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 December 02, 2024.
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.