M.D.C. HOLDINGS, INC. : Other Events, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

ITEM 1.01. OTHER EVENTS

Effective December 21, 2021, HomeAmerican Mortgage Corporation ("HomeAmerican"), a wholly-owned subsidiary of M.D.C. Holdings, Inc., entered into an Eighth Amendment (the "Amendment") to HomeAmerican's Amended and Restated Master Repurchase Agreement dated as of September 16, 2016 (the "Repurchase Agreement"), with U.S. Bank National Association. The Amendment provides for a transition from a pricing rate based on the London Interbank Offered Rate (LIBOR) to one based on the Secured Overnight Financing Rate (SOFR) and adjusts the commitments to purchase for specific time periods.

ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

The disclosure contained in Item 1.01 is incorporated by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d)   Exhibits

Exhibit Number                   Description

10.1                               Eighth Amendment to Amended and Restated Master Repurchase
                                 Agreement between HomeAmerican Mortgage Corporation, as Seller, and
                                 U.S. Bank National Association, as Agent and Buyer, dated as of
                                     December 21    , 2021.

104                              Cover Page Interactive Data file (formatted in Inline XBRL)

© Edgar Online, source Glimpses