secwatch.observer — SEC 8-K summary
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Issuer:     Landsea Homes Corp (—)
CIK:        0001721386
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001731122-24-000437
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721386/000173112224000437/0001731122-24-000437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721386/000173112224000437/e5507_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-000437

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