secwatch.observer — SEC 8-K summary
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Issuer:     Century Communities, Inc. (CCS)
CIK:        0001576940
Form:       8-K
Filed at:   2026-10-01T20:06:35+00:00
Accession:  0001140361-26-038259
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Century Communities ups revolver to $1.2B, extends maturity to 2030, drops 0.10% SOFR adjustment
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- First Amendment to Credit Agreement dated Sept 30, 2026 increased aggregate commitments to $1.2B and added Flagstar Bank and Morgan Stanley Senior Funding as new lenders.
- Facility Termination Date extended to Nov 1, 2030 for extending lenders; BMO Bank N.A. became a Non-Extending Lender and was removed as an Issuing Bank.
- Eliminated the 0.10% credit spread adjustment applicable to SOFR-based borrowings under the Credit Agreement.
- Tangible net worth covenant set at no less than approximately $1,766,519,096 plus 50% of post-June 30, 2026 equity proceeds and 50% of subsequent quarterly net income.
- Must deliver certified charter documents for CCC Holdings LLC, Century Communities of Nevada Realty LLC, and WJHID LLC within 5 business days; breach is an Event of Default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576940/000114036126038259/0001140361-26-038259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576940/000114036126038259/ef20083014_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-038259

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