UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On December 22, 2020, Green Brick Partners, Inc., a Delaware corporation (the “Company”), as borrower, entered into the Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement, with the lenders named therein and Flagstar Bank, FSB, as administrative agent (as previously amended, the “Credit Agreement”).
Pursuant to the Seventh Amendment, the Credit Agreement was amended to reflect the new revolving credit commitment of $50.0 million from Goldman Sachs Bank USA and to extend the maturity date of the Credit Agreement to December 14, 2023. As amended, the aggregate principal amount of the revolving credit commitments under the Credit Agreement will be increased from $215.0 million to $265.0 million through December 14, 2021, $235.0 million through December 14, 2022 and $160.0 million through December 14, 2023.
All other material terms of the Credit Agreement, as amended, remained unchanged. The description above is qualified in its entirety by the Seventh Amendment, a copy of which is filed as Exhibit 10.43 to this Current Report on Form 8-K.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. |
Description | |
| 10.43 | Seventh Amendment to the Credit Agreement, dated December 22, 2020, by and among Green Brick Partners, Inc., the lenders named therein, and Flagstar Bank, FSB, as administrative agent. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GREEN BRICK PARTNERS, INC. | ||
| By: | /s/ Richard A. Costello | |
| Richard A. Costello | ||
| Chief Financial Officer | ||
Date: December 30, 2020