3 unchanged sentences
Since November 30, 2023, there have been no material changes in market risk exposures associated with interest rate risk.
−Removed: As of February 29, 2024, we had no outstanding borrowings under our Credit Facility.
−Removed: As of February 29, 2024, our borrowings under Financial Services' warehouse repurchase facilities totaled $1.3 billion under residential facilities and $89.6 million under LMF Commercial facilities.
+Added: As of May 31, 2024, we had no outstanding borrowings under our Credit Facility.
+Added: As of May 31, 2024, our borrowings under Financial Services' warehouse repurchase facilities totaled $1.2 billion under residential facilities and $48.1 million under LMF Commercial facilities.
Information Regarding Interest Rate Sensitivity
1 unchanged sentence
Expected Maturity and Average Interest Rate
−Removed: February 29, 2024
−Removed: Nine Months Ending November 30, Years Ending November 30, Fair Value at February 29,
+Added: Six Months Ending November 30, Years Ending November 30, Fair Value at May 31,
(Dollars in millions) 2024 2025 2026 2027 2028 2029 Thereafter Total 2024
1 unchanged sentence
Senior Notes and
−Removed: other debts payable:
+Added: other debt payable:
Fixed rate $ 9.0 671.3 453.2 1,068.2 10.1 11.5 17.1 2,240.4 2,224.5
1 unchanged sentence
Financial Services:
−Removed: Notes and other
−Removed: debts payable:
+Added: Notes and other debt payable:
Fixed rate $ — — — — — — 129.0 129.0 129.6
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.