Lennar LEN Homebuilding — Accordion feature

Similar metrics at other companies

PHMFinancial Services — Line of Credit Facility, Accordion Feature, Increase Limit

$50M0.0%

GPREAgribusiness & Energy Services — Additional amounts available under facility, accordion feature

$100M0.0%

KKRInsurance — Higher borrowing capacity option

$3.5B—

OGS

OGSLine of Credit Facility Option to Increase Borrowing Capacity

$750M+400%

KKRInsurance — Line of credit facility, maximum borrowing capacity, increase limit

$500M—

BXSLUnused borrowing capacity

$2.13B-10.9%

Questions, answered.

What is Lennar's homebuilding — accordion feature?

Lennar (LEN) reported homebuilding — accordion feature of $375M in Q1 2026.

How has Lennar's homebuilding — accordion feature changed year-over-year?

Lennar's homebuilding — accordion feature decreased by 21.1% year-over-year, from $475M to $375M.

What is the long-term trend for Lennar's homebuilding — accordion feature?

Over 4 years (2021 to 2025), Lennar's homebuilding — accordion feature has grown at a 9.1% compound annual growth rate (CAGR), from $1.2B to $1.7B.

What does homebuilding — accordion feature mean?

This refers to a contractual provision in a credit agreement that allows the company to increase the size of its existing credit facility under specified conditions. It acts as a strategic liquidity buffer, providing the option to scale borrowing without negotiating a new facility. It reflects the company's proactive approach to capital management.