LENNAR CORP /NEW/: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement.

On May 23, 2022, Lennar Society (the “Company”) has amended and restated the credit agreement governing its unsecured revolving credit facility (the “Credit Facility”) in order to, among other things, increase the lenders’ covenants of
$2.5 billion for $2.575 billionand extending the maturity of Class A lender commitments, which are currently $2.225 billionfrom April 2024 for May 2027. The credit facility has a $425 million accordion function, subject to additional covenants, thus the maximum potential borrowings have increased from $2.8 billion
for $3.0 billion.

The Eighth Amended and Restated Credit Agreement (the “Credit Agreement”) is between the Company, as borrower, JPMorgan Chase Bank, North America., as issuing lender and administrative agent and the various lenders who are sometimes parties thereto. The credit facility consists of a revolving loan under which amounts can be borrowed, repaid and withdrawn. Proceeds available under the credit facility may be used for working capital and general corporate purposes.

In connection with the Credit Agreement, certain of the Company’s wholly-owned subsidiaries, which are primarily residential construction subsidiaries, have entered into an eighth amended and restated guarantee agreement (the “Guarantee Agreement”), dated of May 23, 2022, under which these subsidiaries guarantee the obligations of the Company under the Credit Agreement. The descriptions of the Credit Agreement and Collateral Agreement are qualified in their entirety by reference to the complete and complete terms contained in the Credit Agreement and Collateral Agreement, each of which is an attachment to this report. on Form 8-K.

The Company and certain of its affiliates from time to time enter into commercial financial agreements with substantially all of the lenders under the Credit Facility and/or their respective affiliates, and the affiliates of certain of the lenders provide financial, advisory, investment banking and others to the Company and its affiliates. In addition, affiliates of certain of the lenders act as underwriters of the Company’s senior note issues.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a

Off-balance sheet arrangement of a registrant.

The information set out in point 1.01 is incorporated by reference herein.

Item 9.01. Financial statements and supporting documents.

The following exhibits are provided as part of this current report on Form 8-K.

(d) Exhibits.

Exhibit
  No.                              Description of Document

10.1          Eighth Amended and Restated Credit Agreement, dated as of May 23,
            2022, among Lennar Corporation, as borrower, JPMorgan Chase Bank,
            N.A., as issuing lender and administrative agent, the several lenders
            from time to time parties thereto, and the other parties and agents
            thereto-Filed herewith.

10.2          Eighth Amended and Restated Guarantee Agreement, dated as of May 23,
            2022, among certain of Lennar Corporation's subsidiaries in favor of
            guaranteed parties referred to therein-Filed herewith.

104         Cover Page Interactive Data File--the cover page XBRL tags are
            embedded within the Inline XBRL document.

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