Effective March 20, 2024, M.D.C. Holdings, Inc. entered into a Seventh Amendment to Credit Agreement to its unsecured credit agreement with U.S. Bank National Association, as designated agent and co-administrative agent, Citibank, N.A., as co-administrative agent, and the other parties that are signatories thereto. The Seventh Amendment amended certain provisions of the Credit Agreement in connection with the proposed merger of Clear Line, Inc., with and into the Company, resulting in the Company surviving the merger as a wholly-owned indirect subsidiary of Sekisui House Ltd. The Seventh Amendment amended the Credit Agreement to provide that the merger (1) does not constitute a change in control triggering an event of default under the Credit Agreement and (2) does not constitute a prohibited merger under the Credit Agreement.