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  4. [8-K] LGI Homes, Inc. Reports Material Event

LGI Homes amends roughly $1.17B revolving credit deal

LGIH's revolving commitments have three maturity dates, with $855 million, or 73.3%, scheduled to mature on October 9, 2030.

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Form Type
8-K

Rhea-AI Filing Summary

LGI Homes, Inc. amended its Fifth Amended and Restated Credit Agreement on October 9, 2026. The agreement provides for approximately $1.166 billion in aggregate revolving commitments, including a $175 million incremental facility. The amendment extends certain lenders’ commitments to October 9, 2030.

Commitments mature on three dates: $855 million, or 73.3%, on October 9, 2030; 18.4% on April 28, 2029; and 8.3% on April 28, 2028. The amendment also modifies borrowing base values and certain financial and other covenants.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate revolving commitments Approximately $1.166 billion Under the amended Credit Agreement
Incremental facility $175 million Under the amended Credit Agreement
Commitments maturing October 9, 2030 $855 million 73.3% of commitments
Commitments maturing April 28, 2029 18.4% Share of commitments
Commitments maturing April 28, 2028 8.3% Share of commitments
revolving commitments financial
"aggregate revolving commitments"
incremental facility financial
"a $175 million incremental facility"
An incremental facility is an added amount of borrowing capacity tacked onto an existing loan or credit line, like opening an extra lane on a highway to handle more traffic without rebuilding the road. It matters to investors because it boosts a company’s short-term cash flexibility and can change its borrowing costs and risk profile—affecting liquidity, interest expense and the likelihood of future equity or debt financing.
borrowing base financial
"modified borrowing base values"
A borrowing base is the amount a lender will allow a company to borrow based on the value of assets the company offers as security, typically things like accounts receivable and inventory. It matters to investors because it sets a practical ceiling on short-term financing and influences a company’s liquidity and risk: if the borrowing base falls, the company may lose access to cash or be forced to sell assets, which can affect operations and share value.
financial covenants financial
"certain financial and other covenants"
Financial covenants are rules written into loan or bond agreements that require a company to keep certain financial measures within agreed limits—examples include minimum cash, maximum debt levels, or minimum profit margins. They act like guardrails for lenders: breaking a covenant can force renegotiation, trigger penalties or default, and quickly affect a company’s available cash and stock value, so investors watch them as early warning signs of financial stress.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is LGIH's amended revolving credit facility?
The agreement provides for approximately $1.166 billion in aggregate revolving commitments, including a $175 million incremental facility.

When do LGIH's credit commitments mature?
$855 million, or 73.3%, matures on October 9, 2030; 18.4% matures on April 28, 2029; and 8.3% matures on April 28, 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR
0001580670falseNASDAQ Global Select Market00015806702026-10-092026-10-09

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): October 9, 2026
LGI HOMES, INC.
(Exact name of registrant as specified in its charter)
Delaware001-3612646-3088013
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification Number)
 
1450 Lake Robbins Drive, Suite 430,The Woodlands,Texas77380
(Address of principal executive offices)(Zip Code)
(281) 362-8998
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareLGIH
NASDAQ Global Select Market
Nasdaq Texas, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
                                    Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01Entry into a Material Definitive Agreement.
On October 9, 2026, LGI Homes, Inc. (the “Company”) entered into a Seventh Amendment to Fifth Amended and Restated Credit Agreement with several financial institutions and Wells Fargo Bank, National Association, as administrative agent (the “Credit Agreement Amendment”), which amended the Fifth Amended and Restated Credit Agreement, dated as of April 28, 2021, with several financial institutions and Wells Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified to date, including the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment, among other things, (a) extended the maturity of the commitments of certain lenders under the Credit Agreement to October 9, 2030, (b) provided for aggregate revolving commitments in an amount of approximately $1.166 billion with a $175 million incremental facility, and (c) modified borrowing base values and certain financial and other covenants. The Credit Agreement matures on October 9, 2030 with respect to $855 million, or 73.3%, of the approximately $1.166 billion of commitments thereunder, on April 28, 2029 with respect to 18.4% of the commitments thereunder and on April 28, 2028 with respect to 8.3% of the commitments thereunder.

The description of the Credit Agreement Amendment is qualified in its entirety by reference to the Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01Financial Statements and Exhibits.
The exhibits listed below are filed herewith.
Agreements and forms of agreements included as exhibits are included only to provide information to investors regarding their terms. Agreements and forms of agreements listed below may contain representations, warranties and other provisions that were made, among other things, to provide the parties thereto with specified rights and obligations and to allocate risk among them, and no such agreement or form of agreement should be relied upon as constituting or providing any factual disclosures about the Company, any other persons, any state of affairs or other matters.
            
(d)Exhibits.
10.1+
Seventh Amendment to Fifth Amended and Restated Credit Agreement, dated as of October 9, 2026, by and among LGI Homes, Inc., each of the financial institutions initially a signatory thereto, and Wells Fargo Bank, National Association, as administrative agent
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


________________
+     Certain schedules and similar attachments to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company undertakes to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Dated: October 14, 2026
LGI HOMES, INC.
By:/s/ Eric Lipar
Eric Lipar
Chief Executive Officer and Chairman of the Board


Source: View Original Filing on SEC EDGAR

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