M/I HOMES, INC. (MHO): debt financing — M/I Homes expands revolving credit facility to $900M, extends maturity to 2030, lowers pricing

M/I HOMES, INC.

Commitments increased to $900M from $650M, with accordion feature to $1.05B.
Maturity extended to September 18, 2030; SOFR margin cut to 150bp (from 175bp) and commitment fee reduced to 25bp.
No borrowings outstanding as of June 30, 2025; $88.5M in letters of credit; borrowing base advance rates increased.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

M/I HOMES, INC. amended credit facility of $900.0 million from $650.0 million with PNC Bank, National Association, as administrative agent at SOFR plus a margin ... decreased the SOFR margin to 150 basis points from 175 ba maturing September 18, 2030.

Instrument: credit facility
Principal: $900.0 million from $650.0 million
Counterparty: PNC Bank, National Association, as administrative agent
Rate: SOFR plus a margin ... decreased the SOFR margin to 150 basis points from 175 ba
Maturity: September 18, 2030
Event: amendment

Exact text from the filing

The Seventh Amendment, among other things, increased the commitments from the lenders to $900.0 million from $650.0 million and extended the maturity to September 18, 2030.

View on SEC.gov

Browse all debt financings →

M/I HOMES, INC. filing history →

Source: SEC EDGAR

accession 0000799292-25-000071

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.