Tri Pointe Homes, Inc. Enters into a Third Modification Agreement to its Second Amended and Restated Credit Agreement
June 30, 2022 at 06:14 am EDT
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On June 29, 2022, Tri Pointe Homes, Inc. entered into a Third Modification Agreement (the Modification") to its Second Amended and Restated Credit Agreement, dated as of March 29, 2019 (as modified, supplemented or amended, the Credit Agreement"), among the Company, U.S. Bank National Association, as administrative agent, and the lenders party thereto. The Modification, among other things, (i) increases the maximum amount of the revolving credit facility (the Revolving Facility") under the Credit Agreement from $650.0 million to $750.0 million, (ii) increases the sublimit for issuance of letters of credit under the Revolving Facility from $100.0 million to $150.0 million and (ii) extends the maturity date of both the Revolving Facility and the term loan facility under the Credit Agreement to June 29, 2027.
Tri Pointe Homes, Inc. operates as a homebuilder, which is engaged in the design, construction, and sale of single-family attached and detached homes. It offers its services across ten states, including Arizona, California, Colorado, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia and Washington, and the District of Columbia. The Company operates through two businesses: homebuilding and financial services. Its three homebuilding segments include West Region, which includes Arizona, California, Nevada, and Washington; Central Region, which includes Colorado and Texas, and East Region, which includes the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. Its Tri Pointe Solutions financial services operation comprises its Tri Pointe Connect mortgage financing operations, its Tri Pointe Assurance title and escrow services operations, and its Tri Pointe Advantage property and casualty insurance agency operations.
TRI POINTE HOMES, INC. 
