CENTURY COMMUNITIES, INC. (NYSE:CCS) Files An 8-K Entry into a Material Definitive Agreement

CENTURY COMMUNITIES, INC. (NYSE:CCS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.

Entry into a Material Definitive Agreement.

On February 12, 2019, Century Communities, Inc. (the “Company”) entered into a Commitment Increase and Joinder Agreement (the “Joinder Agreement”) with the subsidiary guarantors of the Company party thereto, BMO Harris Bank N.A., CIBC Bank USA, Flagstar Bank, FSB and LegacyTexas Bank, as lenders party thereto, and Texas Capital Bank, National Association, as Administrative Agent. The Joinder Agreement amends and supplements that certain Amended and Restated Credit Agreement, dated as of June 5, 2018, with Texas Capital Bank, National Association, as Administrative Agent, and the lenders party thereto, as amended (the “Credit Agreement”), which provided the Company with a revolving line of credit (the “Credit Facility”) of up to $590 million.

to the Joinder Agreement (i) the Credit Facility is increased from $590 million to $640 million, (ii) BMO Harris Bank, N.A., CIBC Bank USA and Flagstar Bank, FSB increased their respective commitments under the Credit Agreement by $10 million, $5 million and $10 million, respectively; and (iii) LegacyTexas Bank was added as a lender and made a commitment of up to $25 million under the Credit Agreement.

The foregoing summary of the Joinder Agreement does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Joinder Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Exhibit Number	Description
Commitment Increase and Joinder Agreement, dated as of February 12, 2019, among Century Communities, Inc., the subsidiary guarantors party thereto, BMO Harris Bank N.A., CIBC Bank USA, Flagstar Bank, FSB and LegacyTexas Bank, as lenders party thereto, and Texas Capital Bank, National Association, as Administrative Agent

Century Communities, Inc. Exhibit
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 COMMITMENT INCREASE AND JOINDER AGREEMENT This COMMITMENT INCREASE AND JOINDER AGREEMENT (this “Agreement”) is made as of February 12,…
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