On December 8, 2023, Green Brick Partners, Inc., as borrower, entered into the Eleventh Amendment (the ?Eleventh Amendment?) to the Credit Agreement, with the lenders named therein and Flagstar Bank, N.A., as administrative agent (as previously amended, the ?Credit Agreement?). Pursuant to the Eleventh Amendment, the Credit Agreement was amended to revise certain financial covenants in order to appropriately reflect the Company?s size and growth. The Eleventh Amendment also extends the maturity of $300 million of the commitments under the credit facility through December 14, 2026, with the remaining $25 million commitment expiring December 14, 2025.
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- Green Brick Partners, Inc. Enters into the Eleventh Amendment to the Credit Agreement