secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001373670-21-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Brick Partners issues $100M senior unsecured notes at 3.25% due 2029
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- $100M aggregate principal, 3.25% fixed rate, matures December 28, 2029; interest payable quarterly.
- Proceeds to repay revolving credit borrowings, pay fees/expenses, and for general corporate purposes.
- Notes are senior unsecured obligations guaranteed by certain subsidiaries; rank equal with existing senior unsecured debt.
- Issued via private placement to institutional investors under Section 4(a)(2); investment grade rating obtained.
- Covenants include max leverage ratio, min interest coverage ratio, and min consolidated tangible net worth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367021000055/0001373670-21-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367021000055/grbk-20211228.htm
  HTML page:      https://secwatch.observer/filing/0001373670-21-000055

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