United Homes amends credit agreements to ease DSCR covenants through year-end 2025

United Homes Group, Inc.

WF Credit Agreement: DSCR minimum lowered to 1.35x for Q3 2025 and 1.50x for Q4 2025 (from 2.00x).
WF Credit Agreement: minimum Tangible Net Worth raised to $76.0M through covenant termination date; Liquidity floor $45M; Unrestricted Cash floor $17.5M.
Kennedy Lewis Credit Agreement: DSCR floor set at 1.35x through Dec 31, 2025, with two quarterly waivers to 1.20x allowed.
KL Amendment clarifies Make-Whole Premium period to second anniversary of closing; reduces Applicable Premium 50% on Change of Control prepayment.

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