Company: SDHC
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001982518-25-000026
Chunk: 0

Company: Smith Douglas Homes Corp.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On May 15, 2025 (the “ Closing Date”), Smith Douglas Holdings LLC and certain indirect subsidiaries of Smith Douglas Homes Corp. (collectively, the “ Smith Douglas Borrowers”), entered into that certain Lender Addition and Acknowledgment Agreement and First Amendment to Amended and Restated Credit Agreement and Other Loan Documents (the “ First Amendment”) by and among Smith Douglas Holdings LLC, the other Smith Douglas Borrowers party thereto, Wells Fargo Bank, National Association, as administrative agent for the lenders, and certain financial institutions party thereto as lenders. The First Amendment amends the Amended and Restated Credit Agreement entered into on January 16, 2024, as amended, restated, supplemented or otherwise modified from time to time prior to the Closing Da te, by and among, among others, certa in of the Smith Douglas Borrowers party thereto, certain financial institutions from time to time party thereto as lenders, and Wells Fargo Bank, National Association, as administrative agent (the “ Original Credit Agreement” and as amended by the First Amendment, the “ Credit Agreement”).

The First Amendment amends the Original Credit Agreement to, among other things, (i) increase the total revolving commitments to $325.0 million, (ii) increase certain thresholds and sublimits in the borrowing base to allow for additional borrowing flexibility, (iii) extend the revolving loan maturity date to May 15, 2029 and (iv) revise certain financial covenants applicable to the Smith Douglas Borrowers.

The foregoing description of the Credit Agreement is qualified in its entirety by reference to the Credit Agreement, a copy of which is being filed as Exhibit 10.1 hereto and is incorporated herein by reference.