Green Brick Partners, Inc. (NASDAQ:GRBK) Files An 8-K Entry into a Material Definitive AgreementItem 2.03
Entry into a Material Definitive Agreement.
Green Brick Partners, Inc. (NASDAQ:GRBK) Files An 8-K Entry into a Material Definitive Agreement
On December 1, 2017, Green Brick Partners, Inc., a Delaware corporation (the “Company”), as borrower, entered into Amendment No. 4 to the Credit Agreement (the “Amendment No. 4”), with the lenders named therein, and Flagstar Bank, FSB (“Flagstar”), as administrative agent, which further amends the Credit Agreement, dated December 15, 2015 (as amended by the First Amendment to Credit Agreement, dated September 1, 2016, Amendment No. 2 to the Credit Agreement, dated December 1, 2016, and the Third Amendment to the Credit Agreement, dated September 1, 2017, the “Credit Agreement”), between the Company, the lenders named therein, and Flagstar, as successor administrative agent, providing for a senior, unsecured revolving credit facility (the “Unsecured Revolving Credit Facility”). Amendment No. 4 extends the termination date with respect to commitments under the Unsecured Revolving Credit Facility from December 14, 2019 to December 14, 2020. This extension will become effective upon the payment of an upfront fee of 0.15% of the aggregate amount of any extended commitments on December 15, 2017.
The preceding description of the Credit Agreement and Amendment No. 4 is qualified in its entirety by reference to the full text of such documents, copies of which are attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4 and 10.5, and incorporated herein by reference.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
The information set forth above in Item 2.03 of this Current Report on Form 8-K and in the Company’s Current Reports on Form 8-K filed on December 18, 2015, September 1, 2016, December 1, 2016 and September 6, 2017, is incorporated herein by reference.
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Item 2.03 |
Financial Statements and Exhibits |
(d) Exhibits
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Exhibit No. |
Description of Exhibit |
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Credit Agreement, dated as of December 15, 2015, among Green Brick Partners, Inc., the lenders named therein, and Citibank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 18, 2015 (File No. 001-33530)). |
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First Amendment to Credit Agreement, dated as of August 31, 2016, by and among Green Brick Partners, Inc., Flagstar Bank, FSB, the lenders named therein, and Citibank, N.A., as administrative agent (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on September 1, 2016 (File No. 001-33530)). |
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Amendment No. 2 to the Credit Agreement, dated as of December 1, 2016, by and among Green Brick Partners, Inc., the lenders named therein, and Citibank, N.A., as agent (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on December 1, 2016 (File No. 001-33530)). |
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Third Amendment to Credit Agreement, dated as of September 1, 2017, by and among Green Brick Partners, Inc., the lenders named therein, Flagstar Bank, FSB, as successor administrative agent, and Citibank, N.A., as existing administrative agent (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed on September 6, 2017 (File No. 001-33530)). |
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Amendment No. 4 to the Credit Agreement, dated as of December 1, 2017, by and among Green Brick Partners, Inc., the lenders named therein, and Flagstar Bank, FSB, as administrative agent. |
Green Brick Partners, Inc. ExhibitEX-10.5 2 be000008x1_ex10-5.htm EXHIBIT 10.5 Exhibit 10.5 AMENDMENT NO. 4 TO THE CREDIT AGREEMENT Dated as of December 1,…To view the full exhibit click here
About Green Brick Partners, Inc. (NASDAQ:GRBK)
Green Brick Partners, Inc., formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services. Within homebuilding services segment, its two operating segments consist of Texas and Georgia. The Company’s land development segment conducts its business under the brand Green Brick Communities. The Company’s homebuilding services segment conducts its operations primarily through JBGL Builder Finance LLC (Builder Finance). The Company acquires and develops land, provides land and construction financing to its controlled builders and participates in the profits of its controlled builders. Its markets include the United States metropolitan areas of Dallas, Texas and Atlanta, Georgia.
