"Our liquidity and financial flexibility was further enhanced with the expansion of our revolving credit facilities to over $1 billion and the extension of the maturity to five years," Bruce Gross, vice president and chief financial officer of Lennar, says in a statement. "These facilities will continue to provide the foundation for our working capital needs.
"We appreciate the continued commitment from our long-term banking partners and are especially pleased to welcome new lenders into our bank group," Gross states.
Forty-nine-year-old Lennar Corp., based in Miami, is one of the country's largest homebuilders. The company builds affordable, move-up and retirement homes.
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