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4-Traders Homepage  >  Equities  >  Nyse  >  TRI Pointe Group Inc    TPH

Delayed Quote. Delayed  - 05/06 10:02:02 pm
11.23 USD   +0.09%
04/27 TRI POINTE GROU : Reports 2016 First Quarter Results
04/01 TRI POINTE : Announces First Quarter 2016 Earnings Release and Confe..
03/04 TRI POINTE : Homes : Northern California Receives Top Honors at the ..
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TRI POINTE GROUP, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

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04/30/2016 | 12:10am CEST

Item 1.01 Entry into a Material Definitive Agreement.

On April 28, 2016, TRI Pointe Group, Inc. (the "Company") partially exercised the accordion feature under its existing unsecured revolving credit facility (as amended, modified and supplemented, the "Facility") with U.S. Bank National Association d/b/a Housing Capital Company, as administrative agent and a lender, and the other lenders party thereto (each a "Lender" and collectively, the "Lenders") to increase the total commitments under the Facility from $550 million to $625 million. No other modifications have been made to the terms, conditions or covenants of the Facility. In connection with the exercise of the accordion feature, Texas Capital Bank, N.A. was added as a Lender under the Facility. The maturity date for all amounts borrowed under the Facility is May 18, 2019.

The Company has banking relationships in the ordinary course of its business with U.S. Bank National Association and with certain of the other Lenders. In addition, certain of the Lenders and their respective affiliates have in the past performed commercial banking, investment banking, underwriting, and/or advisory services for the Company from time to time for which they have received customary fees and reimbursement of expenses, and the Lenders may, from time to time, engage in transactions with and perform services for the Company for which they may receive customary fees and reimbursement of expenses.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information under Item 1.01 is incorporated herein by reference.

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© Edgar Online, source Glimpses

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