OTHER INFORMATION
−Removed: Amendment to 2022 Credit Agreement
−Removed: On April 28, 2023, we entered into the Third Amendment, which amends the 2022 Credit Agreement.
−Removed: The Credit Agreement provides for a $1.13 billion revolving credit facility, which can be increased at the request of the Company by up to $170.0 million, subject to the terms and conditions of the Credit Agreement.
−Removed: Lenders with $775.0 million, or 68.6%, of the $1.13 billion of commitments under the Credit Agreement, agreed to extend the maturity of their commitments to April 28, 2027, with the remaining lenders retaining their existing maturity of April 28, 2025.
−Removed: The Credit Agreement also permits our subsidiaries that solely own and operate single family rental homes to incur secured indebtedness not to exceed 6% of our tangible net worth, and allows such subsidiaries to not guarantee the obligations under the Credit Agreement.
−Removed: The Credit Agreement otherwise has substantially similar terms and provisions to the 2022 Credit Agreement.
−Removed: For a further description of the Credit Agreement, please refer to Note 4, “Notes Payable” to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q.
+Added: During the three months ended June 30, 2023, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
3.1** Certificate of Incorporation of LGI Homes, Inc.
10 unchanged sentences
filed with the SEC on August 28, 2013).
−Removed: 10.1* Third Amendment to Fifth Amended and Restated Credit Agreement, dated as of April 28, 2023, by and among LGI Homes, Inc., each of the financial institutions initially a signatory thereto, and Wells Fargo Bank, National Association, as administrative agent.
+Added: 10.1** Third Amendment to Fifth Amended and Restated Credit Agreement, dated as of April 28, 2023, by and among LGI Homes, Inc., each of the financial institutions initially a signatory thereto, and Wells Fargo Bank, National Association, as administrative agent (incorporated by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (File No.
+Added: 001-36126) of LGI Homes, Inc.
+Added: filed with the SEC on May 2, 2023).
31.1* CEO Certification, Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
16 unchanged sentences
LGI Homes, Inc.
−Removed: May 2, 2023 /s/ Eric Lipar
+Added: August 1, 2023 /s/ Eric Lipar
Chief Executive Officer and Chairman of the Board
−Removed: May 2, 2023 /s/ Charles Merdian
+Added: August 1, 2023 /s/ Charles Merdian
Charles Merdian
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.