UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On June 26, 2024, Landsea Homes Corporation, a Delaware corporation (the “Company”), entered into that certain Joinder, Commitment Increase, and Reallocation Agreement (the “Joinder Agreement”) with Truist Bank (“New Lender”), and Bank of America, N.A. as administrative agent for the lenders (the “Administrative Agent”). Reference is made to the Amended and Restated Credit Agreement, dated as of April 19, 2024, by and among the Company, each of the other lenders defined thereto, Administrative Agent and the other parties thereto (the “Credit Agreement”). Pursuant to the Joinder Agreement, the parties thereto agreed to, among other things, add New Lender to the Credit Agreement and increase the aggregate commitments available to the Company under the Credit Agreement from $355,000,000 to $455,000,000.
The foregoing description of the Joinder Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to the Joinder Agreement, a copy of which is filed herewith as Exhibit 10.1, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
| 10.1 | Joinder, Commitment Increase, and Reallocation Agreement, dated June 26, 2024, by and among Truist Bank, Bank of America, N.A., as administrative agent for the lenders and Landsea Homes Corporation. |
| 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.
| LANDSEA HOMES CORPORATION | ||
| Date: July 1, 2024 | By: | /s/ C. Kelly Rentzel |
| Name: C. Kelly Rentzel | ||
| Title: General Counsel | ||