M.D.C. Holdings amends credit agreement to facilitate proposed merger with Sekisui House

SEKISUI HOUSE U.S., INC.

Seventh Amendment ensures merger with Sekisui House does not trigger default under credit agreement.
Merger will make M.D.C. Holdings a wholly-owned indirect subsidiary of Sekisui House, Ltd.
Required Lenders and Guarantors consented; no change to financial terms or commitments.
Amendment effective March 20, 2024, in connection with proposed merger of Clear Line, Inc.

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 Seventh Amendment to Credit Agreement with U.S. Bank National Association, Citibank, N.A., and the other parties that are signatories thereto (effective 2024-03-20).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association, Citibank, N.A., and the other parties that are signatories thereto
Effective: 2024-03-20

Exact text from the filing

Effective March 20, 2024, M.D.C. Holdings, Inc. (the “Company”) entered into a Seventh Amendment to Credit Agreement (“Seventh Amendment”) to its unsecured credit agreement (“Credit Agreement”) with U.S. Bank National Association, as designated agent and co-administrative agent, Citibank, N.A., as co-administrative agent, and the other parties that are signatories thereto.

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Source: SEC EDGAR

accession 0000773141-24-000011

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