[8-K] M.D.C. Holdings, Inc. Reports Material Event
M.D.C. Holdings disclosed that HomeAmerican Mortgage Corporation, its wholly-owned mortgage subsidiary, entered into a First Amendment to its Master Repurchase Agreement with U.S. Bank National Association effective August 8, 2025. The Amendment extends the repurchase facility's maturity to August 5, 2026 and implements certain technical changes to the agreement.
The company says this amendment gives HomeAmerican a continued funding arrangement with U.S. Bank and is reported as a material definitive agreement and a direct financial obligation. The filing was made voluntarily because the company no longer has any class of securities registered under Sections 12(b), 12(g) or 15(d) of the Exchange Act and may stop SEC reporting at its discretion.
M.D.C. Holdings ha comunicato che HomeAmerican Mortgage Corporation, sua controllata interamente posseduta nel settore ipotecario, ha sottoscritto un Primo Emendamento al suo Accordo quadro di riacquisto (Master Repurchase Agreement) con U.S. Bank National Association con efficacia dall'8 agosto 2025. L'emendamento proroga la scadenza della linea di riacquisto al 5 agosto 2026 e introduce alcune modifiche tecniche all'accordo.
Secondo la società, questo emendamento garantisce a HomeAmerican la continuità dell'accordo di finanziamento con U.S. Bank ed è considerato un accordo definitivo rilevante e un'obbligazione finanziaria diretta. La relativa comunicazione è stata presentata volontariamente perché la società non ha più alcuna classe di titoli registrata ai sensi delle sezioni 12(b), 12(g) o 15(d) dell'Exchange Act e può interrompere, a sua discrezione, le segnalazioni alla SEC.
M.D.C. Holdings informó que HomeAmerican Mortgage Corporation, su subsidiaria hipotecaria totalmente participada, suscribió una Primera Enmienda a su Acuerdo Marco de Recompra (Master Repurchase Agreement) con U.S. Bank National Association, con vigencia desde el 8 de agosto de 2025. La enmienda prorroga el vencimiento de la facilidad de recompra hasta el 5 de agosto de 2026 e introduce ciertos cambios técnicos en el acuerdo.
La compañía señala que esta enmienda proporciona a HomeAmerican la continuidad del financiamiento con U.S. Bank y se informa como un acuerdo definitivo material y una obligación financiera directa. La presentación se realizó de forma voluntaria porque la compañía ya no tiene ninguna clase de valores registradas conforme a las Secciones 12(b), 12(g) o 15(d) de la Exchange Act y puede dejar de informar ante la SEC a su discreción.
M.D.C. Holdings는 전액 출자한 모기지 자회사 HomeAmerican Mortgage Corporation이 2025년 8월 8일부로 U.S. Bank National Association과 체결한 마스터 환매계약(Master Repurchase Agreement)에 대한 제1차 수정합의서(First Amendment)를 체결했다고 공시했습니다. 해당 수정합의서는 환매 시설의 만기를 2026년 8월 5일로 연장하고 계약상의 일부 기술적 사항을 변경합니다.
회사 측은 이 수정합의서가 HomeAmerican에 U.S. Bank와의 지속적인 자금 조달 수단을 제공하며, 중대한 확정 계약(material definitive agreement) 및 직접적인 재무 의무로 보고된다고 밝혔습니다. 제출은 자발적으로 이루어졌으며, 회사는 더 이상 Exchange Act의 섹션 12(b), 12(g) 또는 15(d)에 따라 등록된 증권을 보유하지 않아 임의로 SEC 보고를 중단할 수 있습니다.
M.D.C. Holdings a indiqué que HomeAmerican Mortgage Corporation, sa filiale hypothécaire détenue à 100 %, a conclu un premier avenant (First Amendment) à son contrat‑cadre de rachat (Master Repurchase Agreement) avec U.S. Bank National Association, prenant effet le 8 août 2025. L'avenant prolonge l'échéance de la facilité de rachat jusqu'au 5 août 2026 et apporte certaines modifications techniques à l'accord.
Selon la société, cet avenant assure à HomeAmerican le maintien d'une ligne de financement avec U.S. Bank et est signalé comme un accord définitif important et une obligation financière directe. Le dépôt a été effectué volontairement car la société n'a plus aucune catégorie de titres enregistrée en vertu des sections 12(b), 12(g) ou 15(d) de l'Exchange Act et peut, à sa discrétion, cesser de déclarer auprès de la SEC.
M.D.C. Holdings gab bekannt, dass HomeAmerican Mortgage Corporation, seine hundertprozentige Hypothekentochter, am 8. August 2025 eine Erste Änderung (First Amendment) ihres Master-Repurchase-Agreement mit der U.S. Bank National Association abgeschlossen hat. Die Änderung verlängert die Laufzeit der Rückkauffazilität bis zum 5. August 2026 und nimmt bestimmte technische Anpassungen am Vertrag vor.
Das Unternehmen erklärt, dass diese Änderung HomeAmerican weiterhin eine Finanzierungsvereinbarung mit der U.S. Bank sichert und als materiell relevantes, endgültiges Abkommen sowie als direkte finanzielle Verpflichtung berichtet wird. Die Einreichung erfolgte freiwillig, da das Unternehmen keine Wertpapierklassen mehr gemäß den Sections 12(b), 12(g) oder 15(d) des Exchange Act registriert hat und die Berichterstattung an die SEC nach eigenem Ermessen einstellen kann.
- Extension of maturity to August 5, 2026 provides a continued contractual funding timeline under the repurchase agreement
- Counterparty continuity: the amendment is with U.S. Bank National Association, an existing agent and buyer under the agreement
- Voluntary disclosure despite no SEC reporting obligation demonstrates temporary transparency to investors
- Creates/continues a direct financial obligation or an obligation under an off-balance-sheet arrangement as reported under Item 2.03
- Company no longer required to file SEC reports (no securities registered under Sections 12(b), 12(g) or 15(d)), which may reduce future public disclosure
Insights
TL;DR Extension of the repurchase agreement secures the mortgage subsidiary's funding line through August 2026 while remaining a material obligation.
The First Amendment explicitly extends the maturity to August 5, 2026 and makes technical revisions to the existing Master Repurchase Agreement between HomeAmerican and U.S. Bank. For investors, the amendment represents a continuation of an existing financing relationship rather than a new counterparty or credit event. The disclosure also triggers Item 2.03 reporting, indicating a direct financial obligation or off-balance-sheet arrangement for the registrant.
TL;DR The amendment is noteworthy for liquidity timeline management but also underscores continued counterparty exposure to U.S. Bank.
The filing confirms HomeAmerican remains counterparty to U.S. Bank under the master repurchase facility, now maturing on August 5, 2026. This preserves an established funding source but maintains concentration risk tied to that facility. The company also clarifies it voluntarily filed this report even though it no longer has registrable securities, which may reduce future transparency for outside investors.
M.D.C. Holdings ha comunicato che HomeAmerican Mortgage Corporation, sua controllata interamente posseduta nel settore ipotecario, ha sottoscritto un Primo Emendamento al suo Accordo quadro di riacquisto (Master Repurchase Agreement) con U.S. Bank National Association con efficacia dall'8 agosto 2025. L'emendamento proroga la scadenza della linea di riacquisto al 5 agosto 2026 e introduce alcune modifiche tecniche all'accordo.
Secondo la società, questo emendamento garantisce a HomeAmerican la continuità dell'accordo di finanziamento con U.S. Bank ed è considerato un accordo definitivo rilevante e un'obbligazione finanziaria diretta. La relativa comunicazione è stata presentata volontariamente perché la società non ha più alcuna classe di titoli registrata ai sensi delle sezioni 12(b), 12(g) o 15(d) dell'Exchange Act e può interrompere, a sua discrezione, le segnalazioni alla SEC.
M.D.C. Holdings informó que HomeAmerican Mortgage Corporation, su subsidiaria hipotecaria totalmente participada, suscribió una Primera Enmienda a su Acuerdo Marco de Recompra (Master Repurchase Agreement) con U.S. Bank National Association, con vigencia desde el 8 de agosto de 2025. La enmienda prorroga el vencimiento de la facilidad de recompra hasta el 5 de agosto de 2026 e introduce ciertos cambios técnicos en el acuerdo.
La compañía señala que esta enmienda proporciona a HomeAmerican la continuidad del financiamiento con U.S. Bank y se informa como un acuerdo definitivo material y una obligación financiera directa. La presentación se realizó de forma voluntaria porque la compañía ya no tiene ninguna clase de valores registradas conforme a las Secciones 12(b), 12(g) o 15(d) de la Exchange Act y puede dejar de informar ante la SEC a su discreción.
M.D.C. Holdings는 전액 출자한 모기지 자회사 HomeAmerican Mortgage Corporation이 2025년 8월 8일부로 U.S. Bank National Association과 체결한 마스터 환매계약(Master Repurchase Agreement)에 대한 제1차 수정합의서(First Amendment)를 체결했다고 공시했습니다. 해당 수정합의서는 환매 시설의 만기를 2026년 8월 5일로 연장하고 계약상의 일부 기술적 사항을 변경합니다.
회사 측은 이 수정합의서가 HomeAmerican에 U.S. Bank와의 지속적인 자금 조달 수단을 제공하며, 중대한 확정 계약(material definitive agreement) 및 직접적인 재무 의무로 보고된다고 밝혔습니다. 제출은 자발적으로 이루어졌으며, 회사는 더 이상 Exchange Act의 섹션 12(b), 12(g) 또는 15(d)에 따라 등록된 증권을 보유하지 않아 임의로 SEC 보고를 중단할 수 있습니다.
M.D.C. Holdings a indiqué que HomeAmerican Mortgage Corporation, sa filiale hypothécaire détenue à 100 %, a conclu un premier avenant (First Amendment) à son contrat‑cadre de rachat (Master Repurchase Agreement) avec U.S. Bank National Association, prenant effet le 8 août 2025. L'avenant prolonge l'échéance de la facilité de rachat jusqu'au 5 août 2026 et apporte certaines modifications techniques à l'accord.
Selon la société, cet avenant assure à HomeAmerican le maintien d'une ligne de financement avec U.S. Bank et est signalé comme un accord définitif important et une obligation financière directe. Le dépôt a été effectué volontairement car la société n'a plus aucune catégorie de titres enregistrée en vertu des sections 12(b), 12(g) ou 15(d) de l'Exchange Act et peut, à sa discrétion, cesser de déclarer auprès de la SEC.
M.D.C. Holdings gab bekannt, dass HomeAmerican Mortgage Corporation, seine hundertprozentige Hypothekentochter, am 8. August 2025 eine Erste Änderung (First Amendment) ihres Master-Repurchase-Agreement mit der U.S. Bank National Association abgeschlossen hat. Die Änderung verlängert die Laufzeit der Rückkauffazilität bis zum 5. August 2026 und nimmt bestimmte technische Anpassungen am Vertrag vor.
Das Unternehmen erklärt, dass diese Änderung HomeAmerican weiterhin eine Finanzierungsvereinbarung mit der U.S. Bank sichert und als materiell relevantes, endgültiges Abkommen sowie als direkte finanzielle Verpflichtung berichtet wird. Die Einreichung erfolgte freiwillig, da das Unternehmen keine Wertpapierklassen mehr gemäß den Sections 12(b), 12(g) oder 15(d) des Exchange Act registriert hat und die Berichterstattung an die SEC nach eigenem Ermessen einstellen kann.
FAQ
What did M.D.C. Holdings (MDC) disclose about its repurchase agreement?
When is the amended repurchase agreement effective and what is the new maturity date?
Does this filing create a new financial obligation for MDC?
Is MDC still required to file reports with the SEC?
What exhibits were furnished with the report?
