debt
confidence high
sentiment neutral
materiality 0.40
LGI Homes amends credit facility: $1.166B revolver, maturity extended to Oct 9, 2030
LGI Homes, Inc.
- Seventh Amendment to Fifth Amended and Restated Credit Agreement signed Oct 9, 2026 with Wells Fargo Bank, N.A. as administrative agent.
- Aggregate revolving commitments of ~$1.166B plus a $175M incremental facility; $855M (73.3%) now matures Oct 9, 2030.
- Remaining tranches mature April 28, 2029 (18.4% of commitments) and April 28, 2028 (8.3%).
- Amendment modifies borrowing base values and certain financial and other covenants; no Default or Event of Default exists.
- Term SOFR Adjustment would be eliminated upon lender consent, with a CSA elimination period through Feb 9, 2027.