Published:
Pulte Homes, Inc. Announces Amendments to Unsecured Revolving Bank Credit Facility
BLOOMFIELD HILLS, Mich., Nov. 21 /PRNewswire-FirstCall/ -- Pulte Homes,
Inc. (NYSE: PHM), announced today that it has amended its existing unsecured
revolving credit facility. This amendment decreases the facility size to $1.2
billion and makes modifications to certain financial covenants and definitions
that provide Pulte Homes with greater flexibility. The maturity date of June
2012 remains unaffected.
"The amended revolving credit facility is reflective of the current
operating environment facing the housing industry," said Roger Cregg,
Executive Vice President and CFO of Pulte Homes. "We appreciate the ongoing
support of our entire bank group."
About Pulte Homes
Pulte Homes, Inc., (NYSE: PHM), based inBloomfield Hills, Mich., is one
of America's largest home building companies with operations in 50 markets and
27 states. During its 58-year history, the company has delivered more than
500,000 new homes. In 2008, Pulte Homes operations ranked highest in customer
satisfaction in 11 U.S. markets, the most of any homebuilder, in the annual
J.D. Power and Associates(R) New Home-Builder Customer Satisfaction Study(sm).
Under its Del Webb brand, Pulte is the nation's largest builder of active
adult communities for people age 55 and older. Its DiVosta Homes brand is
renowned inFlorida for its distinctive master-planned communities. Pulte
Mortgage LLC is a nationwide lender offering Pulte customers a wide variety of
loan products and superior service.
Websites: www.pulte.com; www.delwebb.com; www.divosta.com
SOURCE Pulte Homes, Inc.
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