Landsea Homes gets 97.95% consent for note amendments; merger with Lido Merger Sub advances

Landsea Homes Corp

Holders of $293.8M (97.95%) of 8.875% Senior Notes due 2029 consented to indenture amendments.
Third Supplemental Indenture eliminates change-of-control offer, nearly all restrictive covenants, and certain event-of-default triggers.
Amendments become operative only upon Merger Sub's acceptance of Notes and satisfaction of merger and financing conditions.
Merger of Landsea Homes with Lido Merger Sub, Inc. (previously announced May 13, 2025) is a key condition.

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