Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 79

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 institutional buyers in the United States pursuant to Rule 144A and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S. Interest on the 2029 Senior Notes accrues at a rate of 4.000% per annum, payable semi-annually in arrears on January 15 and July 15 of each year. The 2029 Senior Notes mature on July 15, 2029. The terms of the 2029 Senior Notes are governed by an Indenture, dated as of July 6, 2018, and Third Supplemental Indenture thereto, dated as of June 28, 2021, as may be supplemented from time to time, among us, our subsidiaries that guarantee our obligations under the Credit Agreement and Wilmington Trust, National Association, as trustee.

12

Notes payable consist of the following (in thousands):September 30, 2025December 31, 2024Notes payable under the Credit Agreement ($1.1825 billion revolving credit facility at September 30, 2025, maturing in part on April 28, 2028 and in part on April 28, 2029, with interest paid monthly at SOFR plus 1.95%; $1.205 billion revolving credit facility at December 31, 2024, maturing in part on April 28, 2025 and in part on April 28, 2028, with interest paid monthly at SOFR plus 1.85%)$623,590 $401,946 8.750% Senior Notes due December 15, 2028; interest paid semi-annually at 8.750%400,000 400,000 4.000% Senior Notes due July 15, 2029; interest paid semi-annually at 4.000%300,000 300,000 7.000% Senior Notes due November 15, 2032; interest paid semi-annually at 7.000%400,000 400,000 Loan payable under the Loan Agreement maturing on July 8, 2030; interest paid monthly at 6.44%50,000 — Net debt issuance costs(22,163)(21,228)Total notes payable$1,751,427 $1,480,718 

Capitalized Interest Interest activity, including other financing costs, for notes payable and financing arrangements for the periods presented is