LGI Homes: amends credit agreement with $1,166,000,000 commitments

What happened The filing says LGI Homes, Inc. entered into a Seventh Amendment to its Fifth Amended and Restated Credit Agreement on Oct 9, 2026 with several financial institutions and Wells Fargo Bank, National Association, as administrative agent. The Credit Agreement Amendment extended lender commitments, provided aggregate revolving commitments of approximately $1,166,000,000 with a $175,000,000 incremental facility, and modified borrowing base values and certain financial and other covenants.

Key details

• The Credit Agreement Amendment extended the maturity of certain lenders’ commitments to Oct 9, 2030.
• The Credit Agreement provides aggregate revolving commitments of approximately $1,166,000,000, including a $175,000,000 incremental facility.
• The Credit Agreement matures on Oct 9, 2030 with respect to $855,000,000 (73.3%) of the commitments, on Apr 28, 2029 with respect to 18.4% of the commitments, and on Apr 28, 2028 with respect to 8.3% of the commitments.
• The amendment modified borrowing base values and certain financial and other covenants.

Why it may matter

• Item reported: Item 1.01 (entry into a material definitive agreement) and Item 2.03 (creation of a direct financial obligation). The reported items cover the amendment to LGI Homes’ credit agreement, the updated revolving commitments and maturities, and related covenant and borrowing base changes.
  This filing does not show why the insider traded or why the company acted.