 NEWPORT BEACH, Calif., Oct. 07, 2021 GLOBE NEWSWIRE -- Landsea Homes Corporation Nasdaq: LSEA Landsea Homes or the Company, a publicly traded residential homebuilder, announced today that the Company has established a 500 million unsecured revolving credit facility with an accordion feature that permits increases in borrowing capacity under the revolving credit facility up to an additional 350 million subject to certain conditions. Western Alliance Bank and BofA Securities, Inc., Bank of America served as Joint Lead Arrangers and Joint Bookrunners. The Company plans to use the new facility to refinance its current outstanding debt obligations and grow its existing operations. 