News

11.20.08

Pulte Homes, Inc. Announces Amendments to Unsecured Revolving Bank Credit Facility

BLOOMFIELD HILLS, Mich., Nov. 21 /PRNewswire-FirstCall/ -- Pulte Homes, Inc. (NYSE: PHM), announced today that it has amended its existing unsecured revolving credit facility. This amendment decreases the facility size to $1.2 billion and makes modifications to certain financial covenants and definitions that provide Pulte Homes with greater flexibility. The maturity date of June 2012 remains unaffected.

"The amended revolving credit facility is reflective of the current operating environment facing the housing industry," said Roger Cregg, Executive Vice President and CFO of Pulte Homes. "We appreciate the ongoing support of our entire bank group."

About Pulte Homes

Pulte Homes, Inc., (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America's largest home building companies with operations in 50 markets and 27 states. During its 58-year history, the company has delivered more than 500,000 new homes. In 2008, Pulte Homes operations ranked highest in customer satisfaction in 11 U.S. markets, the most of any homebuilder, in the annual J.D. Power and Associates(R) New Home-Builder Customer Satisfaction Study(sm). Under its Del Webb brand, Pulte is the nation's largest builder of active adult communities for people age 55 and older. Its DiVosta Homes brand is renowned in Florida for its distinctive master-planned communities. Pulte Mortgage LLC is a nationwide lender offering Pulte customers a wide variety of loan products and superior service.

Websites: www.pulte.com; www.delwebb.com; www.divosta.com

SOURCE  Pulte Homes, Inc.


CONTACT: Investors, Calvin Boyd, +1-248-433-4527, calvin.boyd@pulte.com, Media, Mark Marymee, +1-248-433-4648, mark.marymee@pulte.com

/Web site: http://www.pulte.com http://www.delwebb.com http://www.divosta.com/
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