LEN: Material agreement · New financial obligation

Item 1.01. Entry into a Material Definitive Agreement. Revolving Credit Facility On October 26, 2026, Lennar Corporation (the “Company”) amended and restated its ninth amended and restated credit agreement, dated as of November 25, 2024, governing the Company’s unsecured revolving credit facility (the “Revolving Credit Facility”) by entering into a tenth amended and restated credit agreement (the “Revolving Credit Agreement”) to, among other things, increase the lenders’ aggregate commitments to $3.795 billion, extend the maturity of the Class A lenders’ commitments, totaling $3.545 billion, from November 2029 to November 2031 and remove the 0.10% credit spread adjustment previously applicable to loans accruing interest by reference to the Secured Overnight Financing Rate (“SOFR”). The Revolving Credit Facility also includes Class B commitments of $225 million maturing in May 2027 and a new Class C commitment of $25 million maturing in November 2029. The Revolving Credit Facility also introduced the ability for the Class A loans accruing interest by reference to SOFR to have a 0.10% applicable margin reduction, and a 0.025% commitment fee reduction, if certain rating conditions with respect to the Company are satisfied. The Revolving Credit Facility has a $750 million accordion feature, subject to additional commitments. As a result, aggregate potential borrowing capacity under the Revolving Credit Facility increased from $3.500 billion to $4.545 billion. The Revolving Credit Agreement is among the Company, as borrower, JPMorgan Chase Bank, N.A., BofA Securities, Inc. and Mizuho Bank, Ltd., as joint bookrunners, the several lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as issuing lender and administrative agent. The Revolving Credit Facility c