secwatch / observer
8-K filed December 14, 2022, 6:59 PM ET ticker GRBK CIK 0001373670
debt confidence high sentiment neutral materiality 0.50

Green Brick Partners, Inc. (GRBK): debt financing — Green Brick Partners expands credit facility to $325M, extends maturity to Dec 2025

Green Brick Partners, Inc.

Key facts

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”).
View on SEC.gov
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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Green Brick Partners, Inc. filing history →

Source: SEC EDGAR
accession 0001373670-22-000052
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