Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 395

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 395
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 2029 Senior Notes in an offering to persons reasonably believed to be qualified 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 

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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.Notes payable consist of the following (in thousands):December 31,   20242023Notes payable under the Credit Agreement ($1.205 billion revolving credit facility at December 31, 2024) maturing in part on April 28, 2025 and in part on April 28, 2028; interest paid monthly at SOFR plus 1.85%.$401,946 $569,633 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 — Net debt issuance costs(21,228)(21,301)Total notes payable$1,480,718 $1,248,332 As of December 31, 2024, the annual aggregate maturities of notes payable during each of the next five fiscal years are as follows (in thousands):Amount2025$40,028 2026— 2027— 2028761,918 2029300,000 Thereafter400,000 Total notes payable1,501,946 Less: Net debt issuance costs(21,228)           Net notes payable$1,480,718