secwatch.observer — SEC 8-K summary
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Issuer:     Century Communities, Inc. (CCS)
CIK:        0001576940
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001140361-24-045029
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576940/000114036124045029/0001140361-24-045029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576940/000114036124045029/ef20037977_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045029

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