LGI Homes amends credit facility: extends maturities and loosens speculative inventory covenant

LGI Homes, Inc.

Extended maturity on $1.085B (90% of commitments) to April 28, 2028; $120M matures April 28, 2025.
Speculative+model housing unit cap raised from 50% to 65% of greater of 6-month annualized or 12-month closings.
Amendment dated October 9, 2024; effective as of September 30, 2024 for inventory covenant change.
Non-extending lenders include BMO, PNC, Chang Hwa, Bank of Taiwan, Hua Nan, Mega, Taiwan Coop, Hancock Whitney.
Borrower reaffirmed no defaults, no offsets; subsidiary guarantors consented.

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