TRI Pointe Homes Inc. Expands Revolving Credit Facility to $850 Million, Extends Maturity Date to 2030

Reuters
2025/05/02
TRI Pointe Homes Inc. Expands Revolving Credit Facility to $850 Million, Extends Maturity Date to 2030

TRI Pointe Homes Inc. has entered into a Fifth Modification Agreement to its existing Second Amended and Restated Credit Agreement, originally dated March 29, 2019. The modification, effective April 30, 2025, involves several key changes. Notably, the revolving credit facility's maximum amount has been increased from $750 million to $850 million, with potential to expand up to $1.2 billion under certain conditions. Additionally, the maturity date of the revolving facility has been extended to April 30, 2030, and provisions have been made to allow for three one-year maturity date extensions under specific circumstances. The agreement also modifies certain financial covenants, including the exclusion of impacts from lot sales under land banking arrangements. This modification aims to enhance the company's financial flexibility and operational capacity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TRI Pointe Homes Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001561680-25-000062), on May 01, 2025, and is solely responsible for the information contained therein.

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