Edition:
United States

M.D.C. Holdings announces expanded credit facility and selected preliminary 2017 Q3 results


Wednesday, 4 Oct 2017 06:00am EDT 

Oct 4 (Reuters) - MDC Holdings Inc : :M.D.C. Holdings announces expanded credit facility and selected preliminary 2017 third quarter results.MDC Holdings - ‍aggregate commitment under unsecured revolving credit facility increased from $550 million to $700 million, with a two year increase in maturity​.MDC Holdings Inc - sees ‍preliminary Q3 home sale revenues up 2% year-over-year to $584.9 million​.MDC holdings inc - sees qtrly ending backlog dollar value up 6% year-over-year to $1.71 billion.MDC Holdings Inc - sees Q3 ‍preliminary dollar value of net new orders up 6% year-over-year to $596.7 million​.MDC Holdings Inc says ‍facility permits an increase in maximum commitment amount to as much as $1.25 billion upon company's request​.