Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 50

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 50
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099 November 30, 20231,857,757 2,160,564 (563,222)(866,029)(144,610)November 30, 20221,747,336 1,695,272 197,056 249,120 (36,302)(1)Other income (expense), net included realized and unrealized gains (losses) on investments.

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Table of ContentsLENNAR CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

4. Homebuilding Senior Notes and Other Debts Payable

At November 30,(Dollars in thousands)202420234.75% senior notes due 2025$499,779 499,336 5.25% senior notes due 2026401,824 403,040 5.00% senior notes due 2027350,974 351,357 4.75% senior notes due 2027 (1)698,266 797,347 4.50% senior notes due 2024— 453,682 Mortgage notes on land and other debt307,440 311,720 $2,258,283 2,816,482 (1)During the year ended November 30, 2024, the Company repurchased $100 million aggregate principal amount of senior notes due November 2027, through open market repurchases.The carrying amounts of the senior notes in the table above are net of debt issuance costs of $2.4 million and $4.2 million, as of November 30, 2024 and 2023, respectively.In April 2024, the Company redeemed $454 million aggregate principal amount of its 4.50% senior notes due April 2024. The redemption price, which was paid in cash, was 100% of the principal amount outstanding.In April 2024, $350 million of the Company's unsecured revolving credit facility matured.In November 2024, the Company amended and restated the credit agreement governing its unsecured revolving credit facility (the "Credit Facility"). The maximum available borrowings on the Credit Facility were as follows:(In thousands)At November 30, 2024Commitments - maturing in May 2027$225,000 Commitments - maturing in November 20292,650,000 Total commitments$2,875,000 Accordion feature625