Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Green Brick Partners, Inc. amended credit facility of $325 million with Flagstar Bank, N.A. at SOFR maturing December 14, 2025.
- Instrument
- credit facility
- Principal
- $325 million
- Counterparty
- Flagstar Bank, N.A.
- Rate
- SOFR
- Maturity
- December 14, 2025
- Event
- amendment
Exact text from the filing
Pursuant to the Tenth Amendment, the Credit Agreement was amended to add a $25 million new commitment, bringing total commitments to $325 million. The maturity of all the commitments under the facility have been extended to December 14, 2025. The amendment also replaces LIBOR as the benchmark interest rate with the Secure Overnight Financing Rate (“SOFR”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Green Brick Partners, Inc. amended Tenth Amendment with Flagstar Bank, N.A., as administrative agent, and the lenders named therein valued at $25 million new commitment (effective 2022-12-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Flagstar Bank, N.A., as administrative agent, and the lenders named therein
- Value
- $25 million new commitment
- Effective
- 2022-12-09
Exact text from the filing
On December 9, 2022, Green Brick Partners, Inc., a Delaware corporation (the “ Company ”), as borrower, entered into the Tenth Amendment (the “Tenth Amendment ”) to the Credit Agreement, with the lenders named therein and Flagstar Bank, N.A. (f/k/a Flagstar Bank FSB) (“Flagstar”), as administrative agent (as previously amended, the “Credit Agreement”).
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