M/I Financial expands warehouse credit line to $200M base, $300M seasonal cap, extends to May 2023

M/I HOMES, INC.

Base commitment raised from $175M to $200M; seasonal borrowing capacity up to $300M from Nov 2022 to Feb 2023.
Pricing index switched from 1-month LIBOR to 1-month BSBY; margin unchanged at 1.9%; floor rate lowered from 0.50% to 0.25%.
Minimum liquidity covenant increased to $10M; tangible net worth floor raised to $20M; maximum leverage ratio upped to 12.0x.
Maturity extended to May 26, 2023, replacing Second Amended Mortgage Warehousing Agreement dated June 24, 2016.
Facility funds eligible mortgage loans originated by M/I Financial; lenders are Comerica Bank, Huntington, and BMO Harris.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.