On May 14, 2025, Lennar Corporation announced that it has entered into a new delayed draw term loan credit agreement under its unsecured credit facility. The agreement involves several leading financial institutions, including Truist Securities, Inc., JPMorgan Chase Bank, N.A., Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, BofA Securities, Inc., Goldman Sachs Bank USA, and Wells Fargo Securities, LLC, serving as joint lead arrangers and bookrunners. Under this facility, Lennar Corporation will have access to term loans amounting to a maximum principal of $1.61 billion, with an option to increase the amount by an additional $500 million through an accordion feature. The loan proceeds are earmarked for working capital and general corporate purposes. The agreement is further supported by a Guarantee Agreement from Lennar's wholly-owned subsidiaries, primarily involved in homebuilding, which ensures the company's obligations under this credit arrangement.