secwatch.observer — SEC 8-K summary
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Issuer:     Landsea Homes Corp (—)
CIK:        0001721386
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001731122-24-000689
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721386/000173112224000689/0001731122-24-000689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721386/000173112224000689/e5620_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-000689

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