United Homes Group amends credit agreement, waives Q2 2024 default, cuts commitment to $220M

United Homes Group, Inc.

Maximum Leverage Ratio increased to 2.50:1 for up to two quarters through Dec 2025.
Minimum Debt Service Coverage Ratio lowered to 1.35:1 for up to two quarters through June 2025.
Minimum Liquidity raised to $37.5M; increases to $45M if DSCR falls below 1.50:1.
Total lender commitment cut to $220M; term extended to Aug 2027.
Q2 2024 DSCR covenant default waived; two non-extending lenders hold $73.3M of commitments.

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