LGI HOMES, INC. (NASDAQ:LGIH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 >Entry into a Material Definitive Agreement.
a Lender Acknowledgement Agreement dated as of February 28, 2017
(the Agreement) with Flagstar Bank, FSB and Wells Fargo Bank,
National Association, as administrative agent (the Administrative
Agent), whereby the aggregate Revolving Commitments under the
Companys revolving credit facility increased from $385.0 million
to $400.0 million in accordance with the accordion feature of
that certain Amended and Restated Credit Agreement dated as of
May 27, 2016 (the Credit Agreement) by and among the Company, the
Lenders identified therein, the Administrative Agent, Wells Fargo
Securities, LLC, as sole lead arranger and sole bookrunner, and
Deutsche Bank Securities Inc. and Fifth Third Bank as
documentation agents. Unless otherwise defined in this Current
Report on Form 8-K, capitalized terms used in this Current Report
on Form 8-K shall have the meanings specified in the Credit
Agreement.
each of the Companys subsidiaries that is a party to the
Subsidiary Guaranty (i) consented to the execution and delivery
of the Agreement and (ii) reaffirmed all of its respective
obligations and covenants under the Subsidiary Guaranty, the
Hazardous Materials Indemnity Agreement and each of the other
Loan Documents to which such subsidiary is a party.
reference to the Lender Agreement, a copy of which is filed as
Exhibit 10.1 to this Current Report and incorporated herein by
reference.
Item 2.03
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Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant. |
by reference into this Item 2.03.
Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description
|
10.1
|
Lender Acknowledgement Agreement dated as of February
28, 2017 by and among LGI Homes, Inc., Wells Fargo Bank, National Association, as administrative agent, and Flagstar Bank, FSB. |
About LGI HOMES, INC. (NASDAQ:LGIH)
LGI Homes, Inc. is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division. The Texas division includes homebuilding operations in Houston, Dallas/Fort Worth, San Antonio and Austin locations. The Southwest division includes homebuilding operations in Phoenix, Tucson, Albuquerque, Denver and Colorado Springs locations. The Southeast division includes homebuilding operations in Atlanta, Charlotte and Nashville locations. The Florida division includes homebuilding operations in Tampa, Orlando, Fort Myers and Jacksonville locations. The Northwest division includes homebuilding operations in Seattle location. Its product offerings include entry-level homes and move-up homes. LGI HOMES, INC. (NASDAQ:LGIH) Recent Trading Information
LGI HOMES, INC. (NASDAQ:LGIH) closed its last trading session up +0.99 at 29.91 with 620,238 shares trading hands.