Century Communities extends revolver one year to 2024

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – Century Communities, Inc. extended the maturity date of its $640 million revolving credit facility one year to April 30, 2024, according to an 8-K filing with the Securities and Exchange Commission.

An accordion provides for the facility to be further increased up to a total of $750 million.

The Dec. 13 amendment to the credit agreement also increased the letter-of-credit sublimit by $10 million to $50 million.

Texas Capital Bank, NA is the administrative agent.

Century Communities is a Greenwood Village, Colo.-based builder of upscale single-family homes, townhomes and flats.

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