United Homes Group Enters Material Definitive Agreement

TL;DR

**UHG just signed a big deal, details pending, could move the stock.**

AI Summary

United Homes Group, Inc. filed an 8-K on January 29, 2024, reporting an "Entry into a Material Definitive Agreement" and "Regulation FD Disclosure" on January 26, 2024. This filing indicates a significant new agreement that could impact the company's operations or financial standing, and that material non-public information was disclosed to certain parties, which is now being made public. Investors should pay close attention to the details of this agreement, as it could signal a new strategic direction, partnership, or financial commitment that will affect the company's future growth and profitability.

Why It Matters

This filing signals a potentially significant business development for United Homes Group, Inc., which could influence its future revenue, expenses, or market position. Investors need to understand the specifics of the agreement to assess its impact on the stock's valuation.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its potential positive or negative impact on the company.

Analyst Insight

A smart investor would await further details on the "Material Definitive Agreement" to understand its nature and potential financial implications before making any investment decisions regarding United Homes Group, Inc.

Key Players & Entities

• United Homes Group, Inc. (company) — the registrant filing the 8-K
• January 26, 2024 (date) — date of the earliest event reported
• January 29, 2024 (date) — date the 8-K was filed
• 001-39936 (other) — Commission File Number for United Homes Group, Inc.

FAQ

Key Financial Figures

• $0.0001 — ered Class A Common Shares, par value $0.0001 per share UHG The Nasdaq Stock Mark
• $11.50 — isable for one Class A Common Share for $11.50 per share UHGWW The Nasdaq Stock Ma

Filing Documents

• tm244211d1_8k.htm (8-K) — 30KB
• tm244211d1_ex10-1.htm (EX-10.1) — 1168KB
• tm244211d1_ex99-1.htm (EX-99.1) — 8KB
• tm244211d1_ex-aimg01.jpg (GRAPHIC) — 8KB
• 0001104659-24-007743.txt ( ) — 1689KB
• uhg-20240126.xsd (EX-101.SCH) — 3KB
• uhg-20240126_def.xml (EX-101.DEF) — 26KB
• uhg-20240126_lab.xml (EX-101.LAB) — 36KB
• uhg-20240126_pre.xml (EX-101.PRE) — 25KB
• tm244211d1_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On January 26, 2024, United Homes Group, Inc. (the "Company") entered into the Second Amendment to the Second Amended and Restated Credit Agreement and Omnibus Amendment to Loan Documents (the "Second Amendment"), amending the Second Amended and Restated Credit Agreement (as amended, the "Credit Agreement"), by and among the Company, Great Southern Homes, Inc., a South Carolina corporation and a wholly-owned subsidiary of the Company ("GSH"), Rosewood Communities, Inc., a South Carolina corporation and a wholly-owned subsidiary of the Company ("Rosewood"), Wells Fargo Bank, National Association, as administrative agent (the "Administrative Agent"), Wells Fargo Securities, LLC, as the sole Lead Arranger and sole Bookrunner, and the lenders party thereto (the "Lenders"). Capitalized terms used and not otherwise defined herein have the meanings given them in the Credit Agreement and the Second Amendment. The Second Amendment establishes a process for the joinder of additional subsidiary borrowers of the Company. In connection with the Second Amendment, Rosewood was joined, jointly and severally with the Company and GSH, as a Borrower to the Credit Facility. Additional changes to the Credit Agreement pursuant to the Second Amendment authorize the Company to make certain Permitted Investments when adhering to specific requirements and restrictions set forth in the Credit Agreement as amended. The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of Second Amendment which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On January 29, 2024, the Company issued a press release announcing its acquisition of the homebuilding assets of Creekside Custom Homes, LLC, a homebuilder based in Myrtle Beach, South Carolina. The press release is being furnished hereto as Exhibit 99.1. The information in this Item 7.01 disclosure, including Exhibit 99.1 and the information set forth therein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits: 10.1* Second Amendment to the Second Amended and Restated Credit Agreement and Omnibus Amendment to Loan Documents, dated as of January 26, 2024, among United Homes Group, Inc., Great Southern Homes, Inc., Rosewood Communities, Inc., Wells Fargo Bank, National Association, and the lenders party thereto 99.1 Press Release, dated January 29, 2024 104 Cover page interactive data file (embedded within the Inline XBRL document) * Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to supplementally furnish copies of any omitted schedules and exhibits to the Securities and Exchange Commission upon request. SIGNATURE 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. Date: January 29, 2024 United Homes Group, Inc. By: /s/ Keith Feldman Name: Keith Feldman Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR