debt
confidence high
sentiment neutral
materiality 0.35
HomeAmerican Mortgage amends repurchase agreement; termination extended to Aug 12, 2024
SEKISUI HOUSE U.S., INC.
- Eleventh Amendment to Master Repurchase Agreement with U.S. Bank National Association.
- Identifies Sekisui House, Ltd. as new Parent after April 19, 2024 acquisition of M.D.C. Holdings.
- Termination date extended to August 12, 2024; committed sums adjusted for specific periods (e.g., $150M for June 21–July 25, 2024).
- Change of control definition updated to reflect Sekisui House ownership structure.
- Permitted investments amended to include promissory notes of M.D.C. Holdings for letters of credit.