TRI Pointe Group, Inc. (NYSE:TPH) Files An 8-K Entry into a Material Definitive Agreement

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TRI Pointe Group, Inc. (NYSE:TPH) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

Entry into a Material Definitive Agreement.
On June 20, 2017, TRI Pointe Group, Inc. (the Company) entered
into a Modification Agreement (the Modification) to its Amended
and Restated Credit Agreement, dated as of July 7, 2015 (as
modified, supplemented or amended, the Credit Agreement). The
Modification was entered into by and among the Company, the
lenders party to the Credit Agreement and U.S. Bank National
Association, d/b/a Housing Capital Company, as administrative
agent. The Modification, among other things, (i) extends the
maturity date of the revolving credit facility to May 18, 2021,
(ii) decreases the total commitments under the facility from $625
million to $600 million, and (iii) gives the Company the option
to make offers to the lenders to extend the maturity date of the
facility in twelve-month increments, subject to the satisfaction
of certain conditions.
The foregoing description is qualified in its entirety by
reference to the Modification, a copy of which is filed as an
exhibit to this Current Report on Form 8-K and is incorporated by
reference herein.
Item 2.03
Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The disclosure set forth in Item 1.01 of this Current Report is
incorporated by reference into this Item 2.03.
Item 9.01.
Financial Statements and Exhibits
(d) List of Exhibits
Exhibit No.
Description
10.1
Modification Agreement, dated as of June 20, 2017,
among TRI Pointe Group, Inc., U.S. Bank National
Association, d/b/a Housing Capital Company, and the
lenders party thereto



TRI Pointe Group, Inc. Exhibit
EX-10.1 2 exhibit101modificationagre.htm EXHIBIT 10.1 Exhibit Exhibit 10.1MODIFICATION AGREEMENTThis Modification Agreement (“Agreement”) is made as of June 20,…
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About TRI Pointe Group, Inc. (NYSE:TPH)

TRI Pointe Group, Inc. is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia. Its financial services operation includes mortgage financing operations and title services operations. The Company’s mortgage financing operation (TRI Pointe Connect) provides mortgage financing to its homebuyers in all of its operated markets. Its title services operation (TRI Pointe Assurance) provides title examinations for its homebuyers in its Trendmaker Homes and Winchester Homes brands.

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