NWHM New Home Company Inc

Filed: 22 Feb 21, 4:54pm

Washington, D.C. 20549


Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 22, 2021

The New Home Company Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
15231 Laguna Canyon Road, Suite 250, Irvine, California
(Address of principal executive offices)
(Zip Code)
(949) 382-7800
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report.)

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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par valueNWHMNew York Stock Exchange
Series A Junior Participating Preferred Share Purchase Rights--New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 8.01
Other Events. 
On February 22, 2021, The New Home Company Inc., a Delaware corporation (the “Company”), issued a press release announcing that it had priced its private tack-on offering (the “Offering”) to eligible purchasers of $35.0 million aggregate principal amount of 7.25% senior notes due 2025 (the “2025 Notes”). The 2025 Notes will be issued at an offering price of 103.25% of their face amount, which represents a yield to maturity of 6.427%. The Company intends to use the net proceeds from the Offering for general corporate purposes, including land acquisition, investment in new markets and working capital, and to pay fees and expenses in connection with the Offering. The 2025 Notes are an additional issuance of our existing 7.25% Senior Notes due 2025 and will be issued under the indenture dated as of October 28, 2020 (the “Indenture”), pursuant to which we previously issued $250,000,000 in aggregate principal amount of 7.25% Senior Notes due 2025 (the “Existing 2025 Notes”). The 2025 Notes have identical terms as the Existing 2025 Notes other than with respect to the date of issuance and issue price. The 2025 Notes, together with the Existing 2025 Notes, will be treated as a single class for all purposes under the Indenture. The Company expects to close the Offering on February 24, 2021, subject to the satisfaction of customary closing conditions. In accordance with Rule 135c of the Securities Act of 1933, as amended (the “Securities Act”), a copy of this press release is being filed as Exhibit 99.1 to this report and accordingly, this notice is not intended to and does not constitute an offer to sell nor a solicitation for an offer to purchase any securities of the Company.
The 2025 Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.
Item 9.01
Financial Statements and Exhibits.
(d)  Exhibits
 Exhibit No.Description
 99.1Press Release, dated February 22, 2021
 104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 22, 2021 
 The New Home Company Inc.
 By/s/ John M. Stephens
  John M. Stephens,
  Executive Vice President and Chief Financial Officer