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KAUFMAN AND BROAD ANNOUNCES INCREASEIN ITS DOMESTIC UNSECURED LINE OF CREDIT

 LOS ANGELES, Jan. 4 /PRNewswire/ -- Kaufman and Broad Home Corp. (NYSE: KBH) today announced it has increased its domestic unsecured revolving credit facility to $305 million and extended its maturity date to December 1995. Bank of America is the lead agent for a group of nine international banks that fund the facility.
 According to R. Chad Dreier, the company's executive vice president and chief financial officer, Kaufman and Broad uses the credit facility for working capital and other purposes within its domestic home building operations, centered in California.
 "Access to capital remains one of the most difficult challenges facing builders in today's business environment," Dreier said. "We're delighted with the strong vote of confidence that these banks have demonstrated in Kaufman and Broad with this new agreement."
 Los Angeles-based Kaufman and Broad is California's largest home builder and the largest builder in metropolitan Paris, where the company develops commercial office properties and a variety of residential investment properties as well as single-family homes.
 -0- 1/4/93
 /CONTACT: Eileen Rose of Kaufman and Broad, 310-443-8041/
 (KBH)


CO: Kaufman and Broad Home Corp. ST: California IN: CST SU:

KJ-LS -- LA004 -- 1143 01/04/93 08:02 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:196
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