---
schema_version: "secwatch.filing_event.v1"
accession: "0000799292-22-000046"
form_type: "8-K"
ticker: "MHO"
cik: "0000799292"
company_name: "M/I HOMES, INC."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:31:41.109158+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000799292-22-000046
- form_type: 8-K
- ticker: MHO
- cik: 0000799292
- company_name: M/I HOMES, INC.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799292/000079929222000046/0000799292-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799292/000079929222000046/mho-20220527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799292-22-000046
- JSON: https://secwatch.observer/filing/0000799292-22-000046.json
- Plain text: https://secwatch.observer/filing/0000799292-22-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.