debt
confidence high
sentiment positive
materiality 0.65
Green Brick expands credit facility to $300M and plans $100M note issuance at 3.25%
Green Brick Partners, Inc.
- Ninth Amendment adds $130M in commitments (net $35M), total revolver commitments now $300M.
- Maturity extended to Dec 14, 2024; accordion feature increased by $50M to $325M.
- Company entered rate lock for $100M senior unsecured notes at 3.25% fixed per annum.
- Notes in two tranches: $30M due Dec 28, 2028 and $70M due Dec 28, 2029.
- Proceeds to repay revolver borrowings, pay fees, and for general corporate purposes.