secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001830188-25-000066
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000183018825000066/0001830188-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000183018825000066/uhg-20250929.htm
  HTML page:      https://secwatch.observer/filing/0001830188-25-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer