secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001373670-24-000090
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Brick Partners extends credit facility to $330M, maturity to Dec 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367024000090/0001373670-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367024000090/grbk-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001373670-24-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer