Green Brick Partners, Inc. (GRBK)

[Enterprising Investor]

Green Brick Partners entered into amendment to credit agreement (12/01/16)

On December 1, 2016, Green Brick Partners, Inc., a Delaware corporation (the “ Company ”), as borrower, entered into Amendment No. 2 to the Credit Agreement (the “ Amendment No. 2 ”), with the lenders named therein, and Citibank, N.A., as agent, which further amends the Credit Agreement, dated December 15, 2015 (as amended by the First Amendment to the Credit Agreement, dated September 1, 2016, the “ Credit Agreement ”), between the Company, the lenders named therein, and Citibank, N.A., as administrative agent. Among other things, Amendment No. 2 extends the termination date with respect to commitments under the senior, unsecured revolving credit facility (the “ Revolving Credit Facility ”) from December 14, 2018 to December 14, 2019. This extension will become effective upon the payment of an upfront fee of 0.15% of the aggregate amount of any extended commitments on December 15, 2016. Additionally, Citibank, N.A. has agreed to increase its commitment under the Revolving Credit Facility from $25.0 million to $35.0 million, effective on December 15, 2016, which will increase the aggregate lending commitments available under the Revolving Credit Facility from $60.0 million to $70.0 million.

https://www.sec.gov/Archives/edgar/data/1373670/000162612916000988/grbk-8k_120116.htm