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			CCS Form 8-K 842015
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES</font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">WASHINGTON, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K</font>
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			<font style="display: inline;text-transform:uppercase;font-size:18pt;">Current Report </font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report (Date of earliest event reported):&nbsp;&nbsp;July 31, 2015</font>
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			<font style="display: inline;font-weight:bold;font-size:24pt;">CENTURY COMMUNITIES, INC. </font>
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			<font style="display: inline;font-size:10pt;"> (Exact name of registrant as specified in its charter)</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">____________________</font>
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			<font style="display: inline;font-size:10pt;">Delaware</font>
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			<font style="display: inline;font-size:10pt;">(State or Other Jurisdiction of Incorporation)</font>
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						<font style="display: inline;font-size:10pt;">001-36491</font></p>
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						<font style="display: inline;font-size:10pt;">(Commission File Number)</font></p>
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						<font style="display: inline;font-size:10pt;">8390 East Crescent Parkway, Suite 650</font><br /><font style="display: inline;font-size:10pt;">Greenwood Village, Colorado</font></p>
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						<font style="display: inline;font-size:10pt;">(Address of principal executive offices)</font></p>
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			<font style="display: inline;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (303) 770-8300</font>
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			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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		<p style="margin:0pt 0pt 12pt 72pt;text-indent: -72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 11pt"><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Item 1.01.</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 42pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Entry Into a Material Definitive Agreement.</font>
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			<font style="display: inline;font-size:10pt;">On July 31, 2015, Century Communities, Inc., a Delaware corporation (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Company</font><font style="display: inline;font-size:10pt;">&#x201D;), entered into a First Modification Agreement (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">First Modification Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.&nbsp;&nbsp;The First Modification Agreement modifies the Credit Agreement, dated as of October 21, 2014 (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Credit Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;), among the Company, the lenders from time to time party thereto, and Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, which provided the Company with a revolving line of credit (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Credit Facility</font><font style="display: inline;font-size:10pt;">&#x201D;) of up to $120 million.&nbsp; </font>
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			<font style="display: inline;font-size:10pt;">The First Modification Agreement, among other things, (i) increases the Credit Facility from $120 million to $200 million, (ii) extends the maturity date of the Credit Facility from October 21, 2017 to October 21, 2018, (iii) admits Bank of America, N.A. as a new lender under the Credit Facility, and (iv) provides an option for the Company to request, from time to time, an additional increase in the amount of the Credit Facility of up to $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement.&nbsp;&nbsp; </font>
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			<font style="display: inline;font-size:10pt;">The foregoing summary of the First Modification Agreement does not purport to be complete and is qualified in its entirety by reference to the complete terms of the First Modification Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 8.01.</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Other Events.</font>
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			<font style="display: inline;font-size:10pt;">On August 3, 2015, the Company issued a press release announcing that it has increased the Credit Facility to $200 million, with an accordion feature allowing the Company to increase the borrowing capacity to $300 million, subject to certain approvals.&nbsp;&nbsp;A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01.</font></font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits.</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">(d)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Exhibits.</font></font>
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						<font style="text-indent:0pt;margin-left:0pt; padding-right:321.1pt;"><font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:center"><font style="display: inline;font-weight:bold;font-size:10pt;"></font></font></p>
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						<font style="display: inline;font-size:10pt;">First Modification Agreement, dated as of July 31, 2015, by and among the Company, Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.</font></p>
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					<p style="margin:6pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Press Release, dated August 3, 2015, announcing expansion of Credit Facility.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">SIGNATURES</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:111.5pt;"><font style="display: inline;font-size:10pt;">Date:&nbsp;&nbsp;August 4, 2015</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Century Communities, Inc.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 40.5pt 0pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:176.5pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:217pt;text-align:left"><font style="display: inline;font-size:10pt;">By:&nbsp; </font><font style="display: inline;font-size:10pt;text-decoration:underline;"> &nbsp;&nbsp;&nbsp;&nbsp;/s/ David Messenger</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;text-decoration:underline;"></font></font>
		</p>
		<p style="margin:0pt 40.5pt 0pt 216pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">David Messenger</font>
		</p>
		<p style="margin:0pt 40.5pt 12pt 216pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">Chief Financial Officer (principal financial officer and principal accounting officer)</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 18pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 18pt;text-align:center;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">EXHIBIT INDEX</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:47.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit Number</font></p>
				</td>
				<td valign="top" style="width:11.80pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 2pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:419.10pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 2pt;font-family:Times New Roman;font-size: 10pt">
						<font style="text-indent:0pt;margin-left:0pt; padding-right:321.1pt;"><font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:center"><font style="display: inline;font-weight:bold;font-size:10pt;"></font></font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:47.90pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="top" style="width:11.80pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:419.10pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">First Modification Agreement, dated as of July 31, 2015, by and among the Company, Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:47.90pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">99.1</font></p>
				</td>
				<td valign="top" style="width:11.80pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:419.10pt;padding:0pt 6.5pt;">
					<p style="margin:6pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Press Release, dated August 3, 2015, announcing expansion of Credit Facility.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 18pt;text-align:right;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
	</div></body>
</html>
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{"company-data": {"conformed-name": "Century Communities, Inc.", "cik": "0001576940", "assigned-sic": "1531", "irs-number": "680521411", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-36491", "film-number": "151026474"}, "business-address": {"street1": "8390 E. CRESCENT PKWY., SUITE 650", "city": "GREENWOOD VILLAGE", "state": "CO", "zip": "80111", "phone": "303.770.8300"}, "mail-address": {"street1": "8390 E. CRESCENT PKWY., SUITE 650", "city": "GREENWOOD VILLAGE", "state": "CO", "zip": "80111"}}
CCS Form 8-K 842015
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
____________________
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  July 31, 2015
____________________
CENTURY COMMUNITIES, INC.
(Exact name of registrant as specified in its charter)
____________________
Delaware
(State or Other Jurisdiction of Incorporation)
001-36491
68-0521411
(Commission File Number)
(I.R.S. Employer Identification Number)
8390 East Crescent Parkway, Suite 650
Greenwood Village, Colorado
80111
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (303) 770-8300
____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry Into a Material Definitive Agreement.
On July 31, 2015, Century Communities, Inc., a Delaware corporation (the "
Company
"), entered into a First Modification Agreement (the "
First Modification Agreement
") with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.  The First Modification Agreement modifies the Credit Agreement, dated as of October 21, 2014 (the "
Credit Agreement
"), among the Company, the lenders from time to time party thereto, and Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, which provided the Company with a revolving line of credit (the "
Credit Facility
") of up to $120 million.
The First Modification Agreement, among other things, (i) increases the Credit Facility from $120 million to $200 million, (ii) extends the maturity date of the Credit Facility from October 21, 2017 to October 21, 2018, (iii) admits Bank of America, N.A. as a new lender under the Credit Facility, and (iv) provides an option for the Company to request, from time to time, an additional increase in the amount of the Credit Facility of up to $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement.
The foregoing summary of the First Modification Agreement does not purport to be complete and is qualified in its entirety by reference to the complete terms of the First Modification Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 8.01.
Other Events.
On August 3, 2015, the Company issued a press release announcing that it has increased the Credit Facility to $200 million, with an accordion feature allowing the Company to increase the borrowing capacity to $300 million, subject to certain approvals.  A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Number
Description
10.1
First Modification Agreement, dated as of July 31, 2015, by and among the Company, Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.
99.1
Press Release, dated August 3, 2015, announcing expansion of Credit Facility.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:  August 4, 2015
Century Communities, Inc.
By:
/s/ David Messenger
David Messenger
Chief Financial Officer (principal financial officer and principal accounting officer)
EXHIBIT INDEX
Exhibit Number
Description
10.1
First Modification Agreement, dated as of July 31, 2015, by and among the Company, Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto.
99.1
Press Release, dated August 3, 2015, announcing expansion of Credit Facility.