D. R. Horton, Inc. (Form: 8-K)  






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):   November 30, 2005

D. R. Horton, Inc.
(Exact name of registrant as specified in its charter)

Delaware 1-14122 75-2386963
(State or other jurisdiction
(I.R.S. Employer
of incorporation) File Number) Identification No.)
301 Commerce Street, Suite 500, Fort Worth, Texas   76102
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:   817-390-8200

Not Applicable
Former name or former address, if changed since last report


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 1.01 Entry into a Material Definitive Agreement.

Effective November 30, 2005, DHI Mortgage Company, Ltd. ( " DHI Mortgage " ), a subsidiary of D.R. Horton, Inc., entered into a seventh amendment (the " Seventh Amendment ") to the Amended and Restated Credit Agreement (the " Credit Facility ") with U.S. Bank National Association and the other lenders listed thereon. The Seventh Amendment was entered into for the purpose of extending by forty-six days a portion of the temporary capacity available under the Sixth Amendment. Under the Sixth Amendment, the capacity available under the Credit Facility was scheduled to decrease from $450 million to $300 million beginning on December 1, 2005. The Seventh Amendment provides that, beginning on December 1, 2005 through January 15, 2006, the capacity under the Credit Facility will remain at $450 million, which will be reduced to $300 million beginning on January 16, 2006 (subject to the availability of the $150 million accordion feature).

The Credit Facility is secured by certain mortgage loans held for sale and is not guaranteed by D.R. Horton, Inc. or any of the guarantors of the Senior and Senior Subordinated Notes of D.R. Horton, Inc. DHI Mortgage pays interest on the outstanding balance under the Credit Facility at a per annum rate equal to the average daily LIBOR rate plus an applicable margin. The Seventh Amendment will be filed as an exhibit to the Form 10-Q of D.R. Horton, Inc. for the quarter ending December 31, 2005.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

All the information set forth above under Item 1.01 " Entry into a Material Definitive Agreement" is hereby incorporated by reference into this Item 2.03.

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    D. R. Horton, Inc.
December 5, 2005   By:   Bill W. Wheat
        Name: Bill W. Wheat
        Title: Executive Vice President and Chief Financial Officer