PULTEGROUP, INC. (NYSE:PHM) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
PULTEGROUP, INC. (NYSE:PHM) Files An 8-K Entry into a Material Definitive Agreement
On December 27, 2016, Pulte Mortgage LLC (“Pulte Mortgage”), a wholly-owned subsidiary of PulteGroup, Inc., entered into the Fourth Amendment (the “Amendment”) to its Amended and Restated Master Repurchase Agreement (“Repurchase Agreement”) with Comerica Bank, as Agent and representative of itself as a Buyer and the other Buyers (“Agent”), and the other Buyers listed therein.
The Amendment increases the maximum aggregate commitment amount from $300 million to $360 million from December 27, 2016 through January 12, 2017, after which it reverts to $175 million according to the schedules in the Amendment and Repurchase agreement.
A copy of the Amendment is attached as Exhibit 10.1 hereto and is herein incorporated by reference. The above referenced summary of the material terms of the Repurchase Agreement is qualified in its entirety by reference to Exhibit 10.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
10.1 Fourth Amendment to Amended and Restated Master Repurchase Agreement dated December 27, 2016.
About PULTEGROUP, INC. (NYSE:PHM)
PulteGroup, Inc. is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments. The Company’s homebuilding business, includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands, offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes. Its Homebuilding Operations segment operates through six geographical segments: Northeast, Southeast, Florida, Midwest, Texas and West. The Company conducts its Financial Services operations, which includes mortgage and title operations, through Pulte Mortgage LLC and other subsidiaries. PULTEGROUP, INC. (NYSE:PHM) Recent Trading Information
PULTEGROUP, INC. (NYSE:PHM) closed its last trading session up +0.07 at 18.52 with 4,147,599 shares trading hands.
PulteGroup, Inc. is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments. The Company’s homebuilding business, includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands, offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes. Its Homebuilding Operations segment operates through six geographical segments: Northeast, Southeast, Florida, Midwest, Texas and West. The Company conducts its Financial Services operations, which includes mortgage and title operations, through Pulte Mortgage LLC and other subsidiaries. PULTEGROUP, INC. (NYSE:PHM) Recent Trading Information
PULTEGROUP, INC. (NYSE:PHM) closed its last trading session up +0.07 at 18.52 with 4,147,599 shares trading hands.
