M D C Holdings Announces 2020 Fourth Quarter Earnings Release Schedule And Conference Call marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
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DENVER, Dec. 29, 2020 /PRNewswire/ M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation s leading homebuilders, announced an increase in the aggregate commitment and maturity under its unsecured revolving credit facility. MDC increased the aggregate commitment under its existing $1.0 billion unsecured revolving credit facility to $1.2 billion and extended the facility s maturity of $1.125 billion of the facility commitments to December 18, 2025 with the remaining commitment continuing to terminate on December 18, 2023. The facility permits an increase in the maximum commitment amount to as much as $1.7 billion upon MDC s request, subject to receipt of additional commitments from existing lenders and, in the case of additional participant lenders, the consent of the co-administrative agents.