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

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

Item1.01.

Entry Into a Material Definitive Agreement.

On February24, 2017, Century Communities, Inc. (the Company)
entered into a Commitment Increase Agreement (the Commitment
Increase Agreement) with Texas Capital Bank, National
Association, as Administrative Agent, Flagstar Bank, FSB
(Flagstar), and the subsidiary guarantors of the Company party
thereto. The Commitment Increase Agreement supplements the Credit
Agreement, dated as of October21, 2014, among the Company, the
lenders from time to time party thereto, and Texas Capital Bank,
National Association, as Administrative Agent and L/C Issuer, as
modified by the (i)First Modification Agreement, dated as of
July31, 2015, by and among the Company, Texas Capital Bank,
National Association, as Administrative Agent, the lenders party
thereto, and the subsidiary guarantors of the Company party
thereto, (ii)Second Modification Agreement, dated as of
December22, 2015, by and among the Company, Texas Capital Bank,
National Association, as Administrative Agent, the lenders party
thereto, and the subsidiary guarantors of the Company party
thereto, and (iii)the Third Modification Agreement, dated as of
August19, 2016, by and among the Company, Texas Capital Bank,
National Association, as Administrative Agent, the lenders party
thereto, and the subsidiary guarantors of the Company party
thereto (as modified, the Credit Agreement), which provided the
Company with a revolving line of credit (the Credit Facility) of
up to $380 million.

The Commitment Increase Agreement (i)increases the Credit
Facility from $380 million to $400 million, and (ii)increases
Flagstars commitment to the Credit Facility.

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

Item9.01. Financial Statements and Exhibits.

(d)Exhibits.

Exhibit Number

Description

10.1 Commitment Increase Agreement, dated as of February24, 2017,
by and among the Company, Texas Capital Bank, National
Association, as Administrative Agent, Flagstar Bank, FSB, and
the subsidiary guarantors of the Company party thereto.


CENTURY COMMUNITIES, INC. (NYSE:CCS) Recent Trading Information

CENTURY COMMUNITIES, INC. (NYSE:CCS) closed its last trading session up +0.15 at 22.85 with 279,584 shares trading hands.