---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-127664"
form_type: "8-K"
ticker: "UHG"
cik: "0001830188"
company_name: "United Homes Group, Inc."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:47:39.816007+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Homes refinances convertible notes with $70M loan and secondary offering of 7.42M shares

## Summary
- Secondary offering of 7,420,057 shares at $5.00 per share by selling stockholders; underwriter option for 1,113,009 additional shares.
- Company redeems $70M convertible notes with $70M cash (funded by new loan) and 10,168,850 shares; unsold shares locked up 120 days.
- Kennedy Lewis provides $70M subordinated term loan maturing 2030 or earlier; interest at SOFR + 675-775 bps or ABR + 575-675 bps.
- Covenants: min tangible net worth $70M, max leverage 2.50x, min DSCR 1.35x (waivable to 1.20x), min liquidity $20M, min cash $10M.
- Company receives no proceeds from secondary offering; all proceeds go to selling stockholders.

## SEC filing metadata
- accession: 0001104659-24-127664
- form_type: 8-K
- ticker: UHG
- cik: 0001830188
- company_name: United Homes Group, Inc.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830188/000110465924127664/0001104659-24-127664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830188/000110465924127664/tm2430715d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-127664
- JSON: https://secwatch.observer/filing/0001104659-24-127664.json
- Plain text: https://secwatch.observer/filing/0001104659-24-127664.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.