On November 21, 2023, LGI Homes, Inc. completed an offering of $400,000,000 aggregate principal amount of its 8.750% Senior Notes due 2028. The Notes were issued pursuant to an Indenture, dated as of July 6, 2018 (the ?Base Indenture?), among the Company, the potential subsidiary guarantors listed therein and Wilmington Trust, National Association, as trustee under the Base Indenture, as amended and supplemented by the Fourth Supplemental Indenture thereto, dated as of November 21, 2023, among the Company, the subsidiaries of the Company that guarantee the Company?s obligations under its revolving credit facility and Regions Bank, as trustee for the Notes. The Indenture contains covenants that, among other things, limit the ability of the Company and its restricted subsidiaries to incur certain liens securing indebtedness without equally and ratably securing the Notes and the related guarantees, enter into certain sale and leaseback transactions, enter into certain business combinations with third parties and designate certain subsidiaries as unrestricted subsidiaries.

These covenants are subject to significant exceptions. The Indenture also contains customary events of default.