---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000437"
form_type: "8-K"
ticker: null
cik: "0001721386"
company_name: "Landsea Homes Corp"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:26:39.328082+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Landsea Homes increases senior debt basket to $600M; adds April 2024 moratorium

## Summary
- Eighth Amendment to October 2021 Credit Agreement increases permitted senior debt from $500M to $600M.
- Moratorium through April 15, 2024, on reduction of revolving commitments for senior debt exceeding $350M.
- Amendment with Western Alliance Bank as administrative agent; lenders include Bank of America, Flagstar, East West, U.S. Bank.
- All existing guarantees reaffirmed; no default or event of default after giving effect to amendment.
- Conditions precedent satisfied; amendment effective March 15, 2024.

## SEC filing metadata
- accession: 0001731122-24-000437
- form_type: 8-K
- cik: 0001721386
- company_name: Landsea Homes Corp
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000437/0001731122-24-000437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000437/e5507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000437
- JSON: https://secwatch.observer/filing/0001731122-24-000437.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000437.txt

## Key facts
- Material Agreements
  Landsea Homes Corp amended Eighth Amendment Agreement with Western Alliance Bank, as administrative agent, and the other lender parties thereto (effective 2024-03-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Western Alliance Bank, as administrative agent, and the other lender parties thereto
  - Effective: 2024-03-15
  source text: On March 15, 2024, Landsea Homes Corporation, a Delaware corporation (the “ Company ”), and certain of its subsidiaries entered into that certain Eighth Amendment Agreement (the “ Eighth Amendment Agreement ”) with Western Alliance Bank, as administrative agent, and the other lender parties thereto, which amends the Company’s existing Credit Agreement dated October 6, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000437/0001731122-24-000437-index.htm

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