debt
confidence high
sentiment neutral
materiality 0.50
Forestar Group extends credit facility to Dec 2029, boosts capacity to $640M and up to $1B
Forestar Group Inc.
- Termination date extended to December 18, 2029 for Series A Revolving Credit Facility.
- Aggregate commitments increased to $640 million; accordion feature allows increase up to $1 billion.
- Amendment No. 4 also modifies pricing grid based on leverage ratio.
- Additional commitments of $230 million from new and existing lenders.