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HORTON D R INC /DE/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

August 25, 2014



Item 1.01. Entry into a Material Definitive Agreement.

Effective August 22, 2014, D.R. Horton, Inc. (the "Borrower") and The Royal Bank of Scotland plc, as Administrative Agent, an Issuing Bank and a Lender ("RBS" or "Administrative Agent") and the Lenders entered into Amendment No. 3 (the "Amendment No. 3") to the Credit Agreement dated as of September 7, 2012 as amended by, Amendment No. 1, dated as of November 1, 2012, and Amendment No. 2, dated as of August 8, 2013 (as so amended, the "Credit Agreement").

Pursuant to the terms of Amendment No. 3, the Administrative Agent and the Lenders party hereto agreed to extend the Revolving Credit Facility Termination Date to September 7, 2019 and modify pricing of the Revolving Credit Commitments under the Credit Agreement. In addition, the Aggregate Revolving Credit Facility Limit was increased from $1,000,000,000 to $1,250,000,000.

Further, Additional Lenders were added to the Series A Revolving Credit Commitments, which increased the aggregate amount of outstanding Revolving Credit Commitments under the Revolving Credit Facility from $725,000,000 to $975,000,000, as set forth on Schedule 1 to Amendment No. 3.

The description and terms of Amendment No. 3 provided herein are qualified in their entirety by reference to the full and complete terms contained in Amendment No. 3, which is attached to this Form 8-K as Exhibit 10.1 and incorporated by reference herein. Capitalized terms not defined herein are defined in Amendment No. 3 or as provided therein.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.



All the information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit

10.1 Amendment No. 3 to Credit Agreement, dated August 22, 2014 by and among D.R. Horton, Inc., The Royal Bank of Scotland plc, as Administrative Agent, and the Lenders named therein. -2-



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Source: Edgar Glimpses


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