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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
08/17/201609:29:36Current Report Filing (8-k)
08/01/201619:08:01Initial Statement of Beneficial Ownership (3)
08/01/201619:03:13Initial Statement of Beneficial Ownership (3)
08/01/201618:45:03Initial Statement of Beneficial Ownership (3)
07/29/201611:06:28Current Report Filing (8-k)
07/27/201618:28:12Amended Statement of Changes in Beneficial Ownership (4/a)
07/27/201617:57:01Statement of Changes in Beneficial Ownership (4)
07/27/201617:23:34Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/27/201612:38:00Pulte Capital Announces Sale of Southern Air & Heat to MSouth...
07/27/201606:04:29Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/26/201618:33:00PulteGroup Prices $1 Billion Senior Notes Offering As Strong...
07/26/201607:53:12Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/26/201607:42:02Current Report Filing (8-k)
07/25/201618:54:00Statement of Changes in Beneficial Ownership (4)
07/21/201616:44:32Amended Statement of Beneficial Ownership (sc 13d/a)
07/21/201614:21:00PulteGroup Founder Comments On Shareholder Victories At PulteGroup
07/21/201610:31:35Quarterly Report (10-q)
07/21/201609:10:00PulteGroup Reports Upbeat Earnings
07/21/201607:30:00D.R. Horton Reports Orders, Profit Climb
07/21/201607:17:45Current Report Filing (8-k)

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