GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Century Communities, Inc. (the “Company”), a leading builder of upscale single-family homes, townhomes and flats, today announced that it has entered into a three-year, $100 million unsecured guidance credit facility with Bank of America Merrill Lynch. The unsecured credit is being made available at LIBOR +250 basis points and matures in 3 years. It is reserved for both letters of credit and general corporate purposes.
"This guidance credit facility will give our Company additional liquidity and flexibility as we increase our competitive position and further our growth strategy. We remain dedicated to a strategy of focusing on building homes and communities in the best locations in markets with highly favorable demographics and economic growth. This transaction furthers our ability to capitalize on additional new land opportunities and other strategic initiatives,” said Robert Francescon, Co-Chief Executive Officer of Century Communities.
ABOUT CENTURY COMMUNITIES:
Colorado-based Century
Communities is a leading builder of upscale single-family homes,
townhomes and flats located in highly desirable areas in Denver,
Colorado Springs, Fort Collins, Colorado, Austin and San Antonio, Texas.
Century Communities is a top 100 homebuilder. To learn more about
Century Communities please visit www.centurycommunities.com.
Safe Harbor Statement
Certain statements in this press release may be regarded as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and may qualify for the safe harbor provided for in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company's expectations and beliefs concerning future events, and no assurance can be given that the future results described in this press release will be achieved. These forward-looking statements can generally be identified by the use of statements that include words such as "anticipate," "believe," "could," "estimate," "expect," "foresee," "goal," "intend," "likely," "may," "plan," "project," "should," "target," "will" or other similar words or phrases. All forward-looking statements contained herein are based upon information available to the Company on the date of this press release. Except as may be required under applicable law, the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.