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Homebuilding Senior Notes And Other Debts Payable (Tables) | 12 Months Ended
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Nov. 30, 2023
Debt Disclosure [Abstract] |
Schedule Of Senior Notes And Other Debts Payable |
| November 30,
(Dollars in thousands) | 2023 |  | 2022
4.500% senior notes due 2024 (1) | $ | 453,682 |  |  | 648,975 |
4.750% senior notes due 2025 | 499,336 |  |  | 498,892 |
5.25% senior notes due 2026 | 403,040 |  |  | 404,257 |
5.00% senior notes due 2027 | 351,357 |  |  | 351,741 |
4.75% senior notes due 2027 (1) | 797,347 |  |  | 896,259 |
4.875% senior notes due December 2023 | — |  |  | 399,169 |
5.875% senior notes due 2024 | — |  |  | 434,128 |
Mortgage notes on land and other debt | 311,720 |  |  | 413,873 |
| $ | 2,816,482 |  |  | 4,047,294 |
(1)During the year ended November 30, 2023, the Company repurchased $196.1 million and $100.0 million aggregate principal amount of 4.500% senior notes due April 2024 and 4.75% senior notes due November 2027, respectively, through open market repurchases. The terms of each of the Company's senior notes outstanding at November 30, 2023 were as follows:
Senior Notes Outstanding (1) |  | Principal Amount |  | Net Proceeds (2) |  | Price |  | Date Issued
(Dollars in thousands) |  |  |  |  |  |  |  |
4.500% senior notes due 2024 |  | $ | 650,000 |  |  | $ | 644,838 |  |  | 100 | % |  | April 2017
4.750% senior notes due 2025 |  | 500,000 |  |  | 495,528 |  |  | 100 | % |  | April 2015
5.25% senior notes due 2026 |  | 400,000 |  |  | (3) |  | (3) |  | (3)
5.00% senior notes due 2027 |  | 350,000 |  |  | (3) |  | (3) |  | (3)
4.75% senior notes due 2027 |  | 900,000 |  |  | 894,650 |  |  | 100 | % |  | November 2017
(1)Interest is payable semi-annually for each of the series of senior notes. The senior notes are unsecured and unsubordinated, but are guaranteed by substantially all of the Company's 100% owned homebuilding subsidiaries. (2)The Company generally has historically used the net proceeds for working capital and general corporate purposes, which can include the repayment or repurchase of other outstanding senior notes. (3)These notes represent obligations of CalAtlantic when it was acquired that were subsequently exchanged in part for the notes of the Company. As part of the purchase accounting, the senior notes have been recorded at their fair value as of the date of acquisition (February 12, 2018).
Schedule of Line of Credit Facilities | At November 30, 2023, the Financial Services segment had warehouse facilities which were all 364-day repurchase facilities and were used to fund residential mortgages or commercial mortgages for LMF Commercial as follows:
| Maximum Aggregate Commitment |  |
(In thousands) | Committed Amount |  | Uncommitted Amount |  | Total
Residential facilities maturing: |  |  |  |  |
December 2023 (1) | $ | 500,000 |  |  | — |  |  | 500,000 |
April 2024 | 250,000 |  |  | 250,000 |  |  | 500,000 |
May 2024 (2) | 1,500,000 |  |  | — |  |  | 1,500,000 |
June 2024 | 100,000 |  |  | 400,000 |  |  | 500,000 |
September 2024 | 100,000 |  |  | 100,000 |  |  | 200,000 |
Total residential facilities | $ | 2,450,000 |  |  | 750,000 |  |  | 3,200,000 |
LMF commercial facilities maturing: |  |  |  |  |
November 2023 (1) | 100,000 |  |  | — |  |  | 100,000 |
December 2023 (3) | 400,000 |  |  | — |  |  | 400,000 |
Total LMF commercial facilities | $ | 500,000 |  |  | — |  |  | 500,000 |
Total |  |  |  |  | $ | 3,700,000 |
(1)Subsequent to November 30, 2023, the maturity date of December 2023 was extended to March 2024 and the maturity date of November 2023 was extended to January 2024. (2)In December 2023, the maximum aggregate commitment was reduced to $600 million until maturity in May 2024. (3)Consists of two commercial facilities each with maximum aggregate commitment amounts of $200 million. Subsequent to November 30, 2023, one of the facility's maturity date was extended to December 2024. Borrowings and collateral under the facilities were as follows:
| November 30,
(In thousands) | 2023 |  | 2022
Borrowings under residential facilities | $ | 2,020,187 |  |  | 1,877,411
Collateral under residential facilities | 2,097,020 |  |  | 1,950,155
Borrowings under LMF Commercial facilities | 12,525 |  |  | 124,399
The Company's outstanding letters of credit and surety bonds are below:
| November 30,
(In thousands) | 2023 |  | 2022
Performance letters of credit | $ | 1,404,541 |  |  | 1,259,033 |
Financial letters of credit | 417,976 |  |  | 503,659 |
Surety bonds | 4,508,428 |  |  | 4,136,715 |
Anticipated future costs primarily for site improvements related to performance surety bonds | 2,499,680 |  |  | 2,273,694 |
Schedule Of Maturities Of Senior Notes And Other Debts Payable | The minimum aggregate principal maturities of Homebuilding senior notes and other debts payable during the five years subsequent to November 30, 2023 and thereafter are as follows:
(In thousands) | Debt Maturities
2024 | $ | 483,415 |
2025 | 673,859 |
2026 | 455,961 |
2027 | 1,165,021 |
2028 | 3,974 |
Thereafter | 33,355 |

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