LGI Homes, Inc. entered into a Seventh Amendment to its Fifth Amended and Restated Credit Agreement on October 9, 2026. The agreement amends the original credit facility, which was dated April 28, 2021, and involves several financial institutions along with Wells Fargo Bank, National Association, serving as the administrative agent.
The amendment extends the maturity of commitments for certain lenders to October 9, 2030. The total aggregate revolving commitments under the amended agreement are approximately $1.166 billion, which includes a $175 million incremental facility. The maturity schedule for these commitments is as follows: $855 million, or 73.3%, matures on October 9, 2030; $214 million, or 18.4%, matures on April 28, 2029; and $97 million, or 8.3%, matures on April 28, 2028.
In addition to extending the maturity dates, the amendment modifies borrowing base values and adjusts certain financial and other covenants. A copy of the Seventh Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
