United Homes Group Amends Credit Agreements with Wells Fargo and Kennedy Lewis to Adjust Premiums and Debt Coverage Terms
Reuters
Oct 02, 2025
United Homes Group Amends Credit Agreements with Wells Fargo and Kennedy Lewis to Adjust Premiums and Debt Coverage Terms
**United Homes Group Amends Credit Agreements with Wells Fargo and Kennedy Lewis** United Homes Group Inc. announced it has entered into amendments for two major corporate credit facilities. On September 29, 2025, the company executed the Fourth Amendment to its existing credit agreement with Wells Fargo Bank, which serves as administrative agent, and other lenders. The amendment updates terms of the Second Amended and Restated Credit Agreement, though full details were not disclosed. On the same date, United Homes Group also amended its credit facility with Kennedy Lewis Agency Partners LLC and other lenders. The "KL First Amendment" clarifies the calculation of applicable premiums and make-whole premiums in the event of prepayment or a change of control, and revises debt service coverage requirements through the end of 2025. Both amendments are expected to provide United Homes Group and its subsidiaries with increased flexibility in managing their financing and debt obligations.
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