secwatch.observer — SEC 8-K summary
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Issuer:     Century Communities, Inc. (CCS)
CIK:        0001576940
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001140361-22-046668
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Communities amends credit facility to replace LIBOR with Term SOFR
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- Replaced LIBOR reference rate with Term SOFR (Adjusted Term SOFR = SOFR + 0.10%, floor 0.50%).
- Existing LIBOR-based loans automatically convert to Term SOFR Loans on Jan 3, 2023.
- $800M revolving credit facility unchanged; no change to financial covenants or limits.
- Amendment executed Dec 21, 2022; all 13 lenders consented; no written objections received.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576940/000114036122046668/0001140361-22-046668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576940/000114036122046668/brhc10045485_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-046668

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