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TRI Pointe Homes Inc.

05/01/2025 | Press release | Distributed by Public on 05/01/2025 14:13

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement
On April 30, 2025, Tri Pointe Homes, Inc. (the "Company") entered into a Fifth Modification Agreement (the "Modification") to its Second Amended and Restated Credit Agreement, dated as of March 29, 2019 (as modified, supplemented or amended, the "Credit Agreement"), among the Company, U.S. Bank National Association, as administrative agent, and the lenders party thereto. The Modification, among other things, amends the Credit Agreement to (i) increase the maximum amount of the revolving credit facility (the "Revolving Facility") under the Credit Agreement from $750.0 million to $850.0 million, with the ability to increase the aggregate amount of the Revolving Facility up to $1.2 billion under certain circumstances, (ii) extend the maturity date of the Revolving Facility to April 30, 2030, (iii) permit three one-year extension requests for the maturity date of the Revolving Facility under certain circumstances, and (iv) modify certain financial covenants to, among other things, exclude the impact of lot sales under land banking arrangements.
The foregoing description of the Modification is qualified in its entirety by reference to the full text of such agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
TRI Pointe Homes Inc. published this content on May 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on May 01, 2025 at 20:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io