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D.R. Horton amends credit agreements to expand borrowing capacity
D.R. Horton has amended its primary credit agreements, increasing its borrowing capacity to $3.295 billion and extending certain terms. The homebuilder maintains a strong financial position with liquid assets exceeding short-term obligations and a moderate debt-to-equity ratio. Despite these enhancements, DHI shares have declined, with InvestingPro analysis suggesting the stock is currently undervalued.