{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-000556","form_type":"8-K","ticker":null,"cik":"0001721386","company_name":"Landsea Homes Corp","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.736718+00:00","generated_at":"2026-06-04T03:40:37.626491+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Landsea Homes closes Antares acquisition for $185M cash; issues $300M 8.875% Senior Notes due 2029","bullets":["Acquired Antares Homes for total consideration of approx. $242.5M, including $185M cash purchase price and $43.2M debt repayment.","Adds 2,254 owned or controlled lots and expands DFW footprint to 13 cities in Texas.","Issued $300M in 8.875% Senior Notes due 2029; interest paid semi-annually, callable at make-whole premium prior to April 2026.","Notes are senior unsecured, ranking pari passu with existing unsecured debt; covenants limit additional debt and dividends.","CEO John Ho states acquisition continues goal toward becoming one of Texas' top homebuilders."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-000556","json":"https://secwatch.observer/filing/0001731122-24-000556.json","markdown":"https://secwatch.observer/filing/0001731122-24-000556.md","text":"https://secwatch.observer/filing/0001731122-24-000556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/e5541_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:40:37.626491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4cf50168bf1dbbee859b2ccedf26887122fa3f09","claim":"Landsea Homes Corp incurred senior notes of $300.0 million with U.S. Bank Trust Company, National Association at 8.875% maturing April 1, 2029.","evidence_excerpt":"Landsea Homes Corporation, a Delaware corporation (the “ Company ”), completed the sale to certain purchasers (the “ Offering ”) of $300.0 million in aggregate principal amount of 8.875% Senior Notes due 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$300.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"8.875%"},{"label":"Maturity","value":"April 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ff62cedb671eff335235c30d67790e501574ec53","claim":"Landsea Homes Corp completed an acquisition involving Antares Acquisition, LLC for $185.0 million (closed 2024-04-01).","evidence_excerpt":"the Company, Antares, and the individuals and entities identified in the Purchase Agreement as sellers (collectively, the “ Sellers ”), for an aggregate cash purchase price of $185.0 million, subject to certain adjustments as further described in the Purchase Agreement, as amended. The foregoing description of the Purchase Agreement is not complete and is qualified","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Antares Acquisition, LLC"},{"label":"Consideration","value":"$185.0 million"},{"label":"Closing","value":"2024-04-01"}],"fact_type":"ma_transaction"},{"claim_id":"09ac6d272f7cd9049a0a9e13a079c4a5ba41e5d4","claim":"Landsea Homes Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $300.0 million (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, Landsea Homes Corporation, a Delaware corporation (the “ Company ”), completed the sale to certain purchasers (the “ Offering ”) of $300.0 million in aggregate principal amount of 8.875% Senior Notes due 2029 (the “ Notes ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1721386/000173112224000556/0001731122-24-000556-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$300.0 million"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}