CENTENNIAL (S&P Global Ratings) July 28, 2021--S&P Global Ratings today said that the proposed acquisition of U.S.-based homebuilder The New Home Co. Inc. (B-/Stable/--) by funds managed by affiliates of Apollo Global Management Inc. will only modestly affect the company's credit quality. The closing of the transaction is subject to customary closing conditions and the tender of shares representing at least a majority of New Home's outstanding common stock to Apollo and is expected to close in the second half of 2021. The company will finance the transaction with equity provided by the Apollo Funds and, if required, a committed debt-financing package. Other than commitments related to a revolving credit facility, at this time, we do not expect the company
