debt
confidence high
sentiment positive
materiality 0.60
Green Brick Partners extends credit facility to $330M, maturity to Dec 2027
Green Brick Partners, Inc.
- Removed one lender with $25M commitment; added $30M in new commitments, increasing total to $330M.
- Maturity of all commitments extended to December 14, 2027 (previously December 14, 2026).
- Adopted leverage-based pricing grid for interest rates (SOFR spread 2.10%-2.55%) and commitment fees (0.30%-0.45%).
- Upfront fees: 0.50% on new commitments to assuming lenders; 0.15% on extended commitments to consenting lenders.
- All other material terms of the credit agreement remained unchanged.