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Builder Pulte Terminates Revolving Credit Facility

By Dawn Wotapka Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- PulteGroup Inc. (PHM), one of the U.S.'s largest builders, will terminate its $250 million revolving credit facility March 30. While Michigan-based Pulte will realize a roughly $1.3 million first-quarter charge, the move will save an undisclosed amount of money. "With $1.5 billion in cash on our balance sheet at year end, we have ample liquidity to fund current operations and near-term growth opportunities," CFO Roger Cregg said in a release. "We would expect to replace the facility in the next 12 to 18 months, but see this action as a way to further reduce operating costs." -By Dawn Wotapka, Dow Jones Newswires; 212-416-2193; dawn.wotapka@dowjones.com

Stock News for Pulte Homes (PHM)
DateTimeHeadline
07/23/201514:21:31Home Builder Pulte Tops Earnings Expectations--Update
07/23/201509:59:56Quarterly Report (10-q)
07/23/201508:30:09PulteGroup Tops Earnings Expectations
07/23/201507:43:18PulteGroup Tops Earnings Expectations, but Revenue Falls Short
07/23/201507:18:28Current Report Filing (8-k)
07/23/201506:30:00PulteGroup Reports Second Quarter 2015 Financial Results
06/30/201511:55:00Del Webb Communities Listed Among The Best Places To Live
06/30/201510:42:00Del Webb Communities Listed Among The Best Places To Live
06/29/201509:40:00PulteGroup's Second Quarter 2015 Earnings Release And Webcast...
06/25/201510:48:00Carolina Orchards by Del Webb To Be Charlotte Area's Second Active...
06/12/201510:21:52Annual Report of Employee Stock Plans (11-k)
06/09/201508:00:00No Signs Of Stopping: Single Female Baby Boomers Professionally...
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201510:00:00PulteGroup's Presentation At The J.P. Morgan Homebuilding & Building...
05/08/201516:11:24Current Report Filing (8-k)
05/08/201513:04:24Statement of Changes in Beneficial Ownership (4)
05/08/201513:00:45Statement of Changes in Beneficial Ownership (4)
05/08/201512:55:57Statement of Changes in Beneficial Ownership (4)
05/08/201512:54:10Statement of Changes in Beneficial Ownership (4)
05/08/201512:52:25Statement of Changes in Beneficial Ownership (4)

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