Stanley-Martin amends loan, extending maturity

By Sara Rosenberg

New York, Oct. 17 - Stanley-Martin Communities LLC amended its senior secured credit facility, extending the maturity date by one year to Dec. 1, 2010, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The amendment also reinstitutes an accordion feature, which allows for an increase by $22.5 million to $150 million.

The amendment was completed on Oct. 12.

Wachovia is the agent on the deal.

Stanley-Martin is a Reston, Va.-based homebuilder.

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