D.r. horton, inc., mizuho bank, ltd. and the lenders enter into amendment no. 9 to the credit agreement

Effective october 2, 2019, d.r. horton, inc. (the borrower") and mizuho bank ltd., as successor administrative agent, an issuing bank and a lender (mizuho" or administrative agent") and the lenders entered into amendment no. 9 (the amendment no. 9") to the credit agreement dated as of september 7, 2012 as amended by amendment no. 1, dated as of november 1, 2012; amendment no. 2, dated as of august 8, 2013; amendment no. 3, dated as of august 22, 2014; amendment no. 4, dated as of june 18, 2015; amendment no. 5, dated as of august 26, 2015; amendment no. 6, dated as of september 25, 2017; amendment no. 7, dated as of september 25, 2018; and amendment no. 8, dated as of february 15, 2019 (as so amended, the credit agreement"). pursuant to the terms of amendment no. 9, the administrative agent and the lenders party thereto agreed to extend the revolving credit facility termination date to october 2, 2024, increase the aggregate revolving credit commitments to $1.59 billion, reduce the l/c limit of each issuing bank and modify the pricing for outstanding commitments, borrowings and letters of credit under the revolving credit facility. pursuant to the terms of amendment no. 9, the administrative agent and the lenders party thereto also agreed to increase the credit agreement's accordion feature to permit the aggregate commitment amount under the credit agreement to be increased up to $2.5 billion, subject to certain conditions and availability of bank commitments. such increase may be in the form of additional revolving credit commitments or incremental term loans.
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