---
schema_version: "secwatch.filing_event.v1"
accession: "0001373670-23-000060"
form_type: "8-K"
ticker: "GRBK"
cik: "0001373670"
company_name: "Green Brick Partners, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:22:34.891547+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Green Brick amends credit facility; extends $300M commitments to Dec 2026, adds liquidity covenant

## Summary
- Extends $300M of revolving commitments to December 14, 2026; $25M portion expires December 14, 2025.
- New minimum liquidity covenant requires Available Liquidity of at least $30M at each fiscal quarter end.
- Increases Permitted Liens threshold to greater of $35M and 3% of Consolidated Tangible Net Worth.
- Adds exclusions for Mortgage Subsidiary and Insurance Subsidiary from various covenants.
- Amends Borrowing Base definitions and increases other subsidiary debt limits.

## SEC filing metadata
- accession: 0001373670-23-000060
- form_type: 8-K
- ticker: GRBK
- cik: 0001373670
- company_name: Green Brick Partners, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000060/0001373670-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000060/grbk-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001373670-23-000060
- JSON: https://secwatch.observer/filing/0001373670-23-000060.json
- Plain text: https://secwatch.observer/filing/0001373670-23-000060.txt

## Key facts
- Material Agreements
  Green Brick Partners, Inc. amended Eleventh Amendment with Flagstar Bank, N.A., as administrative agent (effective 2023-12-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Flagstar Bank, N.A., as administrative agent
  - Effective: 2023-12-08
  source text: On December 8, 2023, Green Brick Partners, Inc., a Delaware corporation (the “Company”), as borrower, entered into the Eleventh Amendment (the “Eleventh Amendment”) to the Credit Agreement, with the lenders named therein and Flagstar Bank, N.A., as administrative agent (as previously amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000060/0001373670-23-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.