Green Brick Partners (GRBK) Announces 2M ADS Offering and Perpetual Preferred Stock Offering

(NYSE: GRBK) Green Brick Partners, Inc., today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/1000^th fractional interest in a share of the Company’s Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share, to raise anticipated gross proceeds of $50.0 million before deducting transaction expenses, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering.

The Company expects to use the net proceeds of this offering for general corporate and working capital purposes, which may include expansion of the business, repurchases of its common stock under the Company’s authorized plan, and repayment of debt.

BTIG, LLC is acting as sole book-running manager for this offering. InspereX LLC and Janney Montgomery Scott LLC are acting as co-managers for this offering.

The offering of these securities is being made pursuant to an effective shelf registration statement on Form S-3, which was initially filed with the Securities and Exchange Commission (the “SEC”) on November 25, 2020 and declared effective by the SEC on December 4, 2020. The offering of these depositary shares will be made only by means of a prospectus and prospectus supplement.

A copy of the prospectus and prospectus supplement relating to these securities may be obtained, when available, from the website of the SEC at http://www.sec.gov or by contacting: BTIG, LLC, 65 East 55^th Street, New York, NY 10022, email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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