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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
06/27/201610:45:00PulteGroup's Second Quarter 2016 Earnings Release and Webcast...
06/20/201609:00:00Del Webb Announces New 55+ Community in Charleston Market
06/17/201609:45:16Annual Report of Employee Stock Plans (11-k)
06/15/201613:00:00PulteGroup Founder Wants CEO Candidates Identified Soon
06/15/201612:19:03Current Report Filing (8-k)
06/15/201610:07:46Amended Statement of Beneficial Ownership (sc 13d/a)
06/15/201610:00:00PulteGroup Founder William J. Pulte Issues Letter To PulteGroup...
06/14/201609:00:00PulteGroup's Newest Innovation: An Invisible House
06/09/201611:12:00Del Webb Enters New Market With Community In Wilmington, N.C.
06/07/201618:00:00Activist Elliott Takes Stake in PulteGroup
05/27/201617:26:58Amended Statement of Beneficial Ownership (sc 13d/a)
05/10/201609:00:00PulteGroup's Presentation At The J.P. Morgan Homebuilding & Building...
05/06/201616:32:22Statement of Changes in Beneficial Ownership (4)
05/06/201616:23:47Statement of Changes in Beneficial Ownership (4)
05/06/201616:17:01Statement of Changes in Beneficial Ownership (4)
05/06/201616:16:10Statement of Changes in Beneficial Ownership (4)
05/06/201616:11:24Statement of Changes in Beneficial Ownership (4)
05/06/201616:04:01Statement of Changes in Beneficial Ownership (4)
05/06/201616:01:23Statement of Changes in Beneficial Ownership (4)
05/06/201615:59:38Statement of Changes in Beneficial Ownership (4)

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