MDC obtains waiver from U.S. Bank for change of control triggered by Sekisui House acquisition

SEKISUI HOUSE U.S., INC.

HomeAmerican Mortgage, MDC subsidiary, entered waiver with U.S. Bank on March 5, 2024.
Waiver resolves default under repurchase agreement from Sekisui House's pending acquisition of >20% voting power.
U.S. Bank consents to consummation of the Transaction and any board reconstitution.
Waiver is limited to this event; no other defaults are waived.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SEKISUI HOUSE U.S., INC. amended Waiver and Consent with U.S. Bank National Association (effective 2024-03-05).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association
Effective: 2024-03-05

Exact text from the filing

Effective March 5, 2024, HomeAmerican Mortgage Corporation ("HomeAmerican"), a wholly-owned subsidiary of M.D.C. Holdings, Inc. ("MDC"), entered into a Waiver and Consent with U.S. Bank National Association, as Agent under HomeAmerican’s Amended and Restated Master Repurchase Agreement dated as of September 16, 2016, as amended (the "Repurchase Agreement").

View on SEC.gov

589 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0000773141-24-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.