TRI Pointe extends majority of credit facility, increases revolver

Chicago, June 11 – TRI Pointe Group, Inc. entered into a second modification of its second amended and restated credit agreement on Thursday, according to an 8-K filing with the Securities and Exchange Commission

The maximum amount that can be borrowed under the revolver has been increased to $650 million from $600 million.

Additionally, all but $45 million of the revolver and $30 million of the term loan has been extended to June 10, 2026.

The excepted amounts will still mature on March 29, 2023.

U.S. Bank NA (d/b/a Housing Capital Co.) is the administrative agent.

Wells Fargo Securities LLC is the lead arranger and bookrunner for the term loan. U.S. Bank NA is the lead arranger and bookrunner for the revolver. Wells Fargo Bank, NA is the syndication agent. Truist Bank and Fifth Third Bank are the documentation agents.

TRI Pointe is an Irvine, Calif.-based homebuilder.

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