debt
confidence high
sentiment neutral
materiality 0.30
HomeAmerican mortgage subsidiary amends repurchase agreement with U.S. Bank, extending maturity to Aug 2026
SEKISUI HOUSE U.S., INC.
- Maturity date extended to August 5, 2026; SOFR margin set at 1.65%.
- Facility fee lowered from 0.10% to 0.075%.
- Event of default threshold increased from $1M to $5M.
- Adjusted tangible net worth ratio covenant set at max 15.0-to-1.0.
- Wet loans sublimit: 75% of commitment on first/last 5 business days, 40% on other days.
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