Century Communities ups revolving credit facility commitments to $1.2 billion under amended agreement
CCS•Century Communities increased aggregate commitments under its revolving credit facility to $1.2 billion and extended the facility’s termination date to Nov. 1, 2030, for extending lenders.
1. Credit facility amended
Century Communities entered a first amendment to its Nov. 1, 2024 credit agreement on Sept. 30, 2026. Flagstar Bank and Morgan Stanley Senior Funding joined as new lenders, while BMO Bank was designated a non-extending lender. The amendment removed the 0.10% credit spread adjustment for SOFR-based borrowings and reset the tangible net worth covenant to at least about $1.77 billion, with incremental add-backs tied to equity proceeds and net income.
