secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001193125-22-275029
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar extends revolving credit facility maturity to Oct 2026, switches to SOFR-based rates
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- Amendment extends termination date of $400M revolver to October 28, 2026.
- LIBOR-based interest rates replaced with SOFR-based rates (Term SOFR + 0.10% margin, etc.).
- Pricing grid revised with applicable SOFR margins ranging from 1.75% to 2.50% based on leverage ratio.
- Borrower reaffirms obligations under Loan Documents, including guarantees; no default exists.
- JPMorgan Chase, Citibank, Mizuho, Wells Fargo, TD Securities act as arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000119312522275029/0001193125-22-275029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000119312522275029/d240474d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275029

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