secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001104659-23-090289
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Group enters $240M amended revolving credit facility with Wells Fargo
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- Second Amended and Restated Credit Agreement ups facility to $240M revolving line, maturing August 10, 2026.
- Covenants include max leverage ratio of 2.50:1 (2.25 after Dec 2023), min tangible net worth of $70M plus earnings.
- Interest at SOFR + 275-350 bps or base rate plus margin; unused fee 15-30 bps.
- Borrower adds United Homes Group (parent) as co-borrower alongside Great Southern Homes.
- Minimum liquidity of $20M and unrestricted cash at least 50% of that amount required at all times.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923090289/0001104659-23-090289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923090289/tm2323333d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-090289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer