D.R. Horton’s DHI unit increases commitments to $900 billion

By Wendy Van Sickle

Columbus, Ohio, June 26 – D.R. Horton, Inc. subsidiary DHI Mortgage Co., Ltd. amended its amended and restated master repurchase agreement to increase commitments to $900 million, according to an 8-K filing with the Securities and Exchange Commission.

There is an increase to $1.1 billion for about 30 days at the end of DHI’s third fiscal quarter and 45 days at the end of its fourth fiscal quarter.

In addition, the accordion feature was increased to allow for a maximum commitment amount of $1.2 billion.

U.S. Bank NA is the administrative agent.

D.R. Horton Inc.is a Fort Worth-based single-family homebuilder.

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