Forestar Group Inc. (NYSE:FOR) Files An 8-K Entry into a Material Definitive Agreement

Forestar Group Inc. (NYSE:FOR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.

Effective October 2, 2019, Forestar Group Inc. (the “Borrower”)and JPMorgan Chase Bank, N.A., as administrative agent (“JPMorganor Administrative Agent”)and the Lenders entered into Amendment No. 1 (the “Amendment No. 1”)to the Credit Agreement dated as of August 16, 2018 (the “Credit Agreement”).

to the terms of Amendment No. 1, the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 2, 2022.

The description and terms of Amendment No. 1 provided herein are qualified in their entirety by reference to the full and complete terms contained in Amendment No. 1, which is attached to this Form 8-K as Exhibit 10.1 and incorporated by reference herein. Capitalized terms not defined herein are defined in Amendment No. 1 or as provided therein.

All the information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

10.1    Amendment No. 1 to Credit Agreement, dated October 2, 2019 by and among Forestar Group Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders named therein.

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Forestar Group Inc. Exhibit
EX-10.1 2 d804142dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Execution Version AMENDMENT NO. 1 AMENDMENT NO. 1,…
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About Forestar Group Inc. (NYSE:FOR)

Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. Its Oil and Gas segment is an independent oil and gas exploration, development and production operation and manages its owned and leased mineral interests. Its Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Company owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets.

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