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New Home terminates credit facility due to acquisition by Apollo funds
Chicago, Sept. 8 – New Home Co. Inc. terminated its credit facility dated Oct. 30, 2020 with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
There were no amounts outstanding under the agreement.
New Home has been purchased by Newport Holdings, LLC and Newport Merger Sub, Inc., funds managed by Apollo.
New Home is a homebuilder with is executive offices in Scottsdale, Ariz.
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