| Schedule of Senior Notes and Other Debts Payable |
| | | | | | | | | | | | | (Dollars in thousands) | At May 31, 2026 | | At November 30, 2025 | | | | | | Unsecured delayed draw term loan facility due 2028 | $ | 1,704,487 | | | 1,710,000 | | | | | | | | | | 5.25% senior notes due 2026 (1) | 400,000 | | | 400,608 | | 5.00% senior notes due 2027 | 350,399 | | | 350,590 | | 4.75% senior notes due 2027 | 699,134 | | | 698,845 | | 5.20% senior notes due 2030 | 694,791 | | | 694,165 | | | | | | | | | | | | | | | Mortgage notes on land and other debt | 198,676 | | | 230,478 | | | $ | 4,047,487 | | | 4,084,686 | |
(1)Subsequent to May 31, 2026, the Company redeemed all of its 5.25% senior notes due June 2026.
|
| Schedule of Letter of Credit Facilities |
At May 31, 2026, 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: | | | | | | | | | | | | | July 2026 | $ | 350,000 | | | 350,000 | | | 700,000 | | | | | | | | | September 2026 | 200,000 | | | 200,000 | | | 400,000 | | | November 2026 | 100,000 | | | 100,000 | | | 200,000 | | | December 2026 | — | | | 375,000 | | | 375,000 | | | March 2027 | 200,000 | | | 300,000 | | | 500,000 | | | May 2027 | 30,000 | | | 270,000 | | | 300,000 | | | Total residential facilities | $ | 880,000 | | | 1,595,000 | | | 2,475,000 | | | LMF commercial facilities maturing: | | | | | | | | | | | | | January 2027 | 100,000 | | | — | | | 100,000 | | | December 2027 | 200,000 | | | — | | | 200,000 | | | Total LMF commercial facilities | $ | 300,000 | | | — | | | 300,000 | | | Total | | | | | $ | 2,775,000 | |
Borrowings and collateral under the facilities were as follows: | | | | | | | | | | | | | (In thousands) | At May 31, 2026 | | At November 30, 2025 | | Borrowings under residential facilities | $ | 1,791,758 | | | 1,653,484 | | | Collateral under residential facilities | 2,058,429 | | | 1,718,338 | | | Borrowings under LMF Commercial facilities | 52,240 | | | 13,719 | |
The maximum available borrowings on the Company's unsecured revolving credit facility (the "Credit Facility") were as follows: | | | | | | | | | | (In thousands) | | At May 31, 2026 | | Commitments - maturing in May 2027 | | $ | 225,000 | | | Commitments - maturing in November 2029 | | 2,900,000 | | | Total commitments | | $ | 3,125,000 | | | Accordion feature | | 375,000 | | | Total maximum borrowings capacity | | $ | 3,500,000 | |
| | | | | | | | | | | | | | | | (In thousands) | | At May 31, 2026 | | At November 30, 2025 | | Performance letters of credit | | $ | 2,069,635 | | | 1,963,643 | | | Financial letters of credit | | 802,809 | | | 926,304 | | | Surety bonds | | 5,712,218 | | | 5,614,807 | | | Anticipated future costs primarily for site improvements related to performance surety bonds | | 3,276,374 | | | 3,056,582 | |
|