---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012792"
form_type: "8-K"
ticker: "LEGH"
cik: "0001436208"
company_name: "Legacy Housing Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:42:08.773204+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Legacy Housing enters $50M credit facility with Prosperity Bank, terminates Capital One deal

## Summary
- New $50M credit facility with Prosperity Bank, including $25M accordion feature.
- Prior credit agreement with Capital One terminated simultaneously.
- Facility dated July 28, 2023; no financial terms beyond facility size disclosed.
- The credit agreement includes revolving commitments and standard covenants.

## SEC filing metadata
- accession: 0001558370-23-012792
- form_type: 8-K
- ticker: LEGH
- cik: 0001436208
- company_name: Legacy Housing Corp
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436208/000155837023012792/0001558370-23-012792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436208/000155837023012792/legh-20230728x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012792
- JSON: https://secwatch.observer/filing/0001558370-23-012792.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012792.txt

## Key facts
- Debt Financings
  Legacy Housing Corp incurred credit facility of $50 million credit facility with Prosperity Bank.
  - Instrument: credit facility
  - Principal: $50 million credit facility
  - Counterparty: Prosperity Bank
  - Event: incurrence
  source text: On July 28, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) and Prosperity Bank (“Prosperity”) entered into a Credit Agreement (the “Credit Agreement” or the “Agreement”). Pursuant to the Agreement, Prosperity will provide Legacy with a $50 million credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837023012792/0001558370-23-012792-index.htm
- Material Agreements
  Legacy Housing Corp entered into Credit Agreement with Prosperity Bank valued at $50 million credit facility (effective 2023-07-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Prosperity Bank
  - Value: $50 million credit facility
  - Effective: 2023-07-28
  source text: On July 28, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) and Prosperity Bank (“Prosperity”) entered into a Credit Agreement (the “Credit Agreement” or the “Agreement”). Pursuant to the Agreement, Prosperity will provide Legacy with a $50 million credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837023012792/0001558370-23-012792-index.htm

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