Century Communities enters $900M credit facility, up from $800M previous

Century Communities, Inc.

New $900M senior unsecured revolving credit facility replaces $800M prior agreement.
Matures November 1, 2028; includes $250M letter of credit sublimit.
Pricing based on leverage ratio: SOFR + 1.45%-2.30% per annum.
Covenants include max leverage 60-65%, min interest coverage 1.50x, min tangible net worth ~$1.75B.
As of Sept 30, 2024, $414M was outstanding under the prior facility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.