United Homes Group acquires Creekside Custom Homes assets, nearly doubling Myrtle Beach presence

United Homes Group, Inc.

Acquired homebuilding business and assets of Creekside Custom Homes, LLC, a builder in Myrtle Beach, SC.
Nearly doubles UHG's presence in the fast-growing Myrtle Beach market; supports land-light strategy.
Owner Jamie McLain stays on as Coastal Division Land Manager; team joins Great Southern Homes Coastal division.
Follows prior acquisitions of Herring Homes (Aug 2023) and Rosewood Communities (Oct 2023).

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

United Homes Group, Inc. amended Second Amendment to the Second Amended and Restated Credit Agreement and Omnibus Amendment to Loan Documents with Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, and the lenders party thereto (effective 2024-01-26).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, and the lenders party thereto
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, United Homes Group, Inc. (the “Company”) entered into the Second Amendment to the Second Amended and Restated Credit Agreement and Omnibus Amendment to Loan Documents (the “Second Amendment”), amending the Second Amended and Restated Credit Agreement (as amended, the “Credit Agreement”), by and among the Company, Great Southern Homes, Inc., a South Carolina corporation and a wholly-owned subsidiary of the Company (“GSH”), Rosewood Communities, Inc., a South Carolina corporation and a wholly-owned subsidiary of the Company (“Rosewood”), Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”), Wells Fargo Securities, LLC, as the sole Lead Arranger and sole Bookrunner, and the lenders party thereto (the “Lenders”).

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United Homes Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-007743

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