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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
03/26/201506:46:37ModernGraham Quarterly Valuation Of PulteGroup, Inc.
03/25/201516:41:04Additional Proxy Soliciting Materials (definitive) (defa14a)
03/25/201516:37:36Proxy Statement (definitive) (def 14a)
03/24/201504:04:09Existing Home Sales Miss Street Estimates - Underlying Data Still...
03/19/201507:25:27Mortgage Applications Confirm The Bearish Signal From Homebuilders
03/17/201502:21:56Homebuilders - Why So Blue?
03/17/201501:39:45Real Estate Stocks Face Risk This Week
03/10/201501:40:02Will Lumber's Decline Continue To Boost Home Builders?â
03/09/201508:30:22Homebuilder pair trade from Buckingham Research
03/05/201513:58:10Statement of Changes in Beneficial Ownership (4)
02/25/201512:49:20Statement of Changes in Beneficial Ownership (4)
02/23/201510:51:36Homebuilders lower after soft sales report, downgrades
02/18/201506:00:00Age Is Just A Number: Single, Female Baby Boomers Happier, Healthier...
02/17/201517:12:20Statement of Changes in Beneficial Ownership (4)
02/17/201517:10:54Statement of Changes in Beneficial Ownership (4)
02/17/201517:05:44Statement of Changes in Beneficial Ownership (4)
02/17/201517:04:16Statement of Changes in Beneficial Ownership (4)
02/17/201517:02:11Statement of Changes in Beneficial Ownership (4)
02/17/201516:59:49Statement of Changes in Beneficial Ownership (4)
02/12/201517:22:00PulteGroup Announces Quarterly Cash Dividend Of $0.08 Per Share

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