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M.D.C. Holdings boosts credit facility, extends maturity

M.D.C. Holdings Inc. boosted the aggregate commitment under its unsecured revolving credit facility to $700 million from the existing $550 million, with an option to increase the maximum commitment amount to up to $1.25 billion, subject to conditions.

The facility's maturity was likewise extended by two years to December 2022.

U.S. Bank NA is acting as the designated agent and co-administrative agent of the facility, while Citibank NA is the co-administrative agent. SunTrust Bank and PNC Bank NA serve as co-syndication agents. Other participating lenders are Bank of the West, Regions Bank, and ZB NA doing business as Vectra Bank Colorado.