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 Addition and Acknowledgement Agreement dated as of
December 28, 2016 (the Lender Addition Agreement) with Texas
Capital Bank, National Association 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 $360.0 million to $385.0
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.
Addition Agreement, each of the Companys subsidiaries that is a
party to the Subsidiary Guaranty (i) consented to the execution
and delivery of the Lender Addition 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 Addition Agreement, a copy of which is
filed as Exhibit 10.1 to this Current Report and incorporated
herein by reference.
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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.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description
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10.1
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Lender Addition and Acknowledgement Agreement dated as
of December 28, 2016 by and among LGI Homes, Inc., Wells Fargo Bank, National Association, as administrative agent, and Texas Capital Bank, National Association. |
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 down -0.12 at 29.05 with 242,675 shares trading hands.