Green Brick Partners Enters Material Definitive Agreement

TL;DR

GBRK inks a major deal, expect financial moves.

AI Summary

On December 13, 2024, Green Brick Partners, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, previously known as BioFuel Energy Corp., is incorporated in Delaware and headquartered in Plano, Texas.

Why It Matters

This filing indicates a significant financial commitment or obligation for Green Brick Partners, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations that may affect the company's performance.

Key Players & Entities

• Green Brick Partners, Inc. (company) — Registrant
• December 13, 2024 (date) — Date of earliest event reported
• BioFuel Energy Corp. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Plano, Texas (location) — Business address city and state

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share GRBK The New York Stock Exch
• $25 million — fth Amendment removes one lender with a $25 million prior commitment and adds $30 million i
• $30 million — a $25 million prior commitment and adds $30 million in new commitments, thereby increasing
• $330 million — thereby increasing total commitments to $330 million. The maturity of all commitments under

Filing Documents

• grbk-20241213.htm (8-K) — 31KB
• grbk12thamendment-amendmen.htm (EX-10.12) — 165KB
• 0001373670-24-000090.txt ( ) — 385KB
• grbk-20241213.xsd (EX-101.SCH) — 2KB
• grbk-20241213_def.xml (EX-101.DEF) — 17KB
• grbk-20241213_lab.xml (EX-101.LAB) — 29KB
• grbk-20241213_pre.xml (EX-101.PRE) — 17KB
• grbk-20241213_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 13, 2024, Green Brick Partners, Inc., a Delaware corporation (the "Company"), as borrower, entered into the Twelfth Amendment (the "Twelfth Amendment") to the Credit Agreement, with the lenders named therein and Flagstar Bank, N.A., as administrative agent (as previously amended, the "Credit Agreement"). Pursuant to the Twelfth Amendment, the Credit Agreement was amended (i) to adopt a leverage-based pricing grid for a reduction in both interest rate and non-use fee and (ii) other administrative changes. The Twelfth Amendment removes one lender with a $25 million prior commitment and adds $30 million in new commitments, thereby increasing total commitments to $330 million. The maturity of all commitments under the facility have been extended to December 14, 2027. All other material terms of the Credit Agreement, as amended, remained unchanged. The description above is qualified in its entirety by the Twelfth Amendment, a copy of which is filed as Exhibit 10.12 to this Current Report on Form 8-K . The Company and certain of its affiliates from time to time enter into commercial financial arrangements with the lenders under the Credit Agreement and/or their respective affiliates, and affiliates of certain of the lenders provide financial, advisory, investment banking and other services to the Company and its affiliates.

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.12 Twelfth Amendment to the Credit Agreement, dated December 13, 2024, by and among Green Brick Partners, Inc., the lenders named therein, and Flagstar Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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. GREEN BRICK PARTNERS, INC. By: /s/ Richard A. Costello Name: Richard A. Costello Title: Chief Financial Officer Date: December 18, 2024

View Full Filing

View this 8-K filing on SEC EDGAR