M/I HOMES, INC. (NYSE:MHO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 22, 2018 M/I Financial, LLC (“M/I Financial”), a wholly-owned subsidiary of M/I Homes, Inc., entered into an Amendment (the “Second Amendment”) to the Mortgage Warehousing Agreement dated June 24, 2016, as amended (the “MIF Mortgage Warehousing Agreement”). The MIF Warehousing Agreement is used to finance eligible mortgage loans originated by M/I Financial.

The Second Amendment, among other things, extends the maturity date from June 22, 2018 to June 21, 2019, reduces the applicable LIBOR margin from 2.375% to 2.0%, and allows the maximum amount of borrowing availability to be increased from $125 million to $160 million during the periods from September 25, 2018 to October 15, 2018 and from November 15, 2018 to February 4, 2019. The other material terms of the MIF Mortgage Warehousing Agreement remain unchanged.

A copy of the Second Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 1.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits.

M I HOMES INC Exhibit
EX-10.1 2 ex101mifsecondamendmenttos.htm EXHIBIT 10.1 SECOND AMENDMENT TO SECOND AR MORTGAGE WAREHOUSING AGREEMENT Exhibit Exhibit 10.1SECOND AMENDMENT TO SECOND AMENDED AND RESTATED MORTGAGE WAREHOUSING AGREEMENTThis Second Amendment to Second Amended and Restated Mortgage Warehousing Agreement (“Second Amendment”) is made as of June 22,…
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About M/I HOMES, INC. (NYSE:MHO)

M/I Homes, Inc. is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment. The Company conducts mortgage financing activities through its subsidiary, M/I Financial, LLC (M/I Financial), which originates mortgage loans primarily for purchasers of the Company’s homes. The Company and M/I Financial also operate majority-owned subsidiaries that provide title services to purchasers of the Company’s homes. The Company markets and sells homes primarily under the M/I Homes and Showcase Collection (exclusively by M/I Homes) brands.