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TRI Pointe exercises option to up credit facility to $625M

TRI PointeGroup Inc. partially exercised the accordion feature under itsexisting unsecured revolving credit facility to increase the total commitmentsunder the facility to $625 million from $550 million.

The option was exercised with U.S. Bank NA d/b/a HousingCapital Co. and the other lenders party to the facility.In connection with the exercise of the accordion feature, Texas Capital Bank NAwas added as a lender under the facility.

The maturity date for all amounts borrowed under thefacility is May 18, 2019, the company said in a filing, adding that all otherterms, conditions or covenants of the facility remain unchanged.