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Century Communities expands credit facility to $590M

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Century Communities expands credit facility to $590M

Century Communities Inc. boosted an existing credit facility to $590 million from $540 million.

The homebuilder added BMO Harris Bank NA as a lender, which made a pledge of up to $50 million.

Additionally, the company signed a distribution agreement to sell up to $100.0 million in shares of its common stock in at-the-market offerings from time to time.

Texas Capital Bank NA was the administrative agent for the credit facility. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. are the sales agents under the distribution agreement.