Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 80

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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5 billion revolving credit facility at June 30, 2025, maturing in part on April 28, 2028 and in part on April 28, 2029, with interest paid monthly at SOFR plus 1.85%; $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%)$662,590 $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 Net debt issuance costs(21,760)(21,228)Total notes payable$1,740,830 $1,480,718 

12

Capitalized Interest Interest activity, including other financing costs, for notes payable and financing arrangements for the periods presented is as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Interest incurred$32,601 $29,223 $62,524 $58,586 Less: Amounts capitalized(32,601)(29,223)(62,524)(58,586)Interest expense$— $— $— $— Cash paid for interest$42,907 $35,482 $58,425 $56,768 Included in interest incurred was amortization of deferred financing costs and applicable discounts for notes payable and financing arrangements of $2.7 million and $4.4 million for the three months ended June 30, 2025 and 2024, respectively, and $5.4 million and $10.0 million for the six months ended June 30, 2025 and 2024, respectively.

5.     INCOME TAXES 

We file U.S. and state income tax returns in jurisdictions with varying statutes of limitations. The statute of limitations with regards to our federal income tax filings is three years. The statute of