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Homebuilding Senior Notes and Other Debts Payable (Tables)

3 Months Ended

Feb. 29, 2024

Debt Disclosure [Abstract]

Schedule of Senior Notes and Other Debts Payable

(Dollars in thousands)			February 29, 2024						November 30, 2023
4.50% senior notes due 2024			$	453,792					453,682
4.75% senior notes due 2025			499,447						499,336
5.25% senior notes due 2026			402,737						403,040
5.00% senior notes due 2027			351,261						351,357
4.75% senior notes due 2027			797,513						797,347
Mortgage notes on land and other debt			325,582						311,720
			$	2,830,332					2,816,482

Schedule of Letter of Credit Facilities

At February 29, 2024, 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:
March 2024 (1)			$	500,000					—						500,000
April 2024			250,000						250,000						500,000
May 2024			600,000						—						600,000
June 2024			100,000						100,000						200,000
September 2024			100,000						100,000						200,000
Total residential facilities			$	1,550,000					450,000						2,000,000
LMF commercial facilities maturing:
December 2024			200,000						—						200,000
January 2025			100,000						—						100,000
Total LMF commercial facilities			$	300,000					—						300,000
Total															$	2,300,000

(1)Subsequent to February 29, 2024, the maturity date was extended to June 2024.

Borrowings and collateral under the facilities were as follows:

(In thousands)			February 29, 2024						November 30, 2023
Borrowings under the residential facilities			$	1,344,468					2,020,187
Collateral under the residential facilities			1,395,837						2,097,020
Borrowings under the LMF Commercial facilities			89,555						12,525

The maximum available borrowings on the Company's unsecured revolving credit facility (the “Credit Facility”) were as follows:

(In thousands)						February 29, 2024
Commitments - maturing in April 2024						$	350,000
Commitments - maturing in May 2027						2,225,000
Total commitments						$	2,575,000
Accordion feature						425,000
Total maximum borrowings capacity						$	3,000,000

The Company's outstanding letters of credit and surety bonds are disclosed below:

(In thousands)						February 29, 2024						November 30, 2023
Performance letters of credit						$	1,526,220					1,404,541
Financial letters of credit						476,545						417,976
Surety bonds						4,596,432						4,508,428
Anticipated future costs primarily for site improvements related to performance surety bonds						2,588,531						2,499,680

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