---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000689"
form_type: "8-K"
ticker: null
cik: "0001721386"
company_name: "Landsea Homes Corp"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:06:43.626234+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Landsea Homes enters new $355M revolving credit facility, matures April 2027

## Summary
- Senior unsecured revolving credit facility of up to $355.0 million; accordion feature up to $850.0 million.
- Facility matures April 19, 2027; replaces prior credit agreement with Western Alliance Bank as administrative agent.
- Borrowing base calculated on percentages of cost of residential units and lots; leverage ratio covenant max 0.60:1.00.
- Lenders include Bank of America (admin agent), U.S. Bank, and others; existing borrowings from Western Alliance and Flagstar repaid.

## SEC filing metadata
- accession: 0001731122-24-000689
- form_type: 8-K
- cik: 0001721386
- company_name: Landsea Homes Corp
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000689/0001731122-24-000689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000689/e5620_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000689
- JSON: https://secwatch.observer/filing/0001731122-24-000689.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000689.txt

## Key facts
- Material Agreements
  Landsea Homes Corp entered into Amended and Restated Credit Agreement with Bank of America, N.A. valued at $355,000,000 senior unsecured revolving credit facility (effective 2024-04-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $355,000,000 senior unsecured revolving credit facility
  - Effective: 2024-04-19
  source text: Landsea Homes Corporation, a Delaware corporation (the “ Company ”), as borrower, entered into that certain amended and restated credit agreement (the “ Credit Agreement ”) with Bank of America, N.A., as Administrative Agent and letter of credit issuer, U.S. Bank National Association as Joint Lead Arranger and Syndication Agent, BofA Securities, Inc., as Joint Lead Arranger and a Sole Bookrunner (the “ Arranger ”) and a syndicate of banks and financial institutions (the “ Lenders ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721386/000173112224000689/0001731122-24-000689-index.htm

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