Lennar Corporation amended its unsecured revolving credit facility, increasing aggregate lender commitments from $3.5 billion to $4.545 billion by extending Class A maturity to November 2029 and adding a new Class C tranche. The company also exercised an accordion feature on its delayed draw term loan facility, drawing $40 million to raise the outstanding balance to $1.75 billion. These changes remove previous SOFR credit spread adjustments and introduce margin reductions tied to rating conditions. Lennar Corporation is a leading homebuilder in the United States.
