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LGI Homes amends revolving credit facility


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LGI Homes amends revolving credit facility

LGI Homes Inc. amended its existing credit agreement to provide for a $600.0 million revolving credit facility, which can be increased up to $650.0 million at the company's request.

The credit facility is set to mature May 31, 2020, with a one-year extension option and an initial interest rate of the one-month London Interbank Offered Rate, plus 3.15%.

Wells Fargo Bank NA was the administrative agent. Wells Fargo Securities LLC was the sole lead arranger and sole book runner, and Fifth Third Bank was the documentation agent.