Item 1.02. Termination of Material Definitive Agreement
As previously announced, on August 3, 2021, Century Communities, Inc. (the
"Company") delivered a conditional notice of redemption calling for the
redemption (the "Redemption"), on September 2, 2021 (the "Redemption Date"), of
all $400 million aggregate principal amount of its 5.875% Senior Notes due 2025
outstanding (the "2025 Senior Notes") at a redemption price equal to 102.938% of
the principal amount of the 2025 Senior Notes to be redeemed, plus accrued and
unpaid interest to, but excluding, the Redemption Date (the "Redemption
Price"). The Redemption was conditioned upon the prior consummation by the
Company of its offering and issuance of $500 million aggregate principal amount
of its 3.875% Senior Notes due 2029 (the "Offering of the 2029 Senior Notes"),
which closed and was previously disclosed on August 23, 2021. Upon the closing
of the Offering of the 2029 Senior Notes, the Company deposited with U.S. Bank
National Association, as the trustee for the 2025 Senior Notes (the "Trustee"),
a portion of the net proceeds from the Offering of the 2029 Notes in an amount
equal to the Redemption Price, and irrevocably instructed the Trustee to apply
such funds towards the Redemption of the 2025 Senior Notes on the Redemption
Date. Concurrently therewith, the Company elected to satisfy and discharge the
indenture governing the 2025 Senior Notes in accordance with its terms, and the
Trustee acknowledged such satisfaction and discharge. As a result of the
satisfaction and discharge of the indenture governing the 2025 Senior Notes, the
Company and the Company's subsidiary guarantors of the 2025 Senior Notes have
been released from their remaining obligations under the indenture governing the
2025 Senior Notes.
The Redemption of the 2025 Senior Notes is being made solely pursuant to the
notice of redemption provided under the indenture governing the 2025 Senior
Notes, and this Current Report on Form 8-K (this 8-K") does not constitute an
offer to purchase or redeem, or a solicitation of an offer to sell, the 2025
Senior Notes.
Item Triggering Events That Accelerate or Increase a Direct Financial
2.04. Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The information included in Item 1.02 of this 8-K is incorporated into this Item
2.04 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
104 The cover page from this 8-K, formatted in Inline XBRL.
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CENTURY COMMUNITIES, INC. 
