M/I HOMES, INC. (NYSE:MHO) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
wholly-owned subsidiary of M/I Homes, Inc., entered into the
First Amendment (the “First Amendment”) to Second Amended and
Restated Mortgage Warehousing Agreement dated June 24, 2016 (the
“MIF Mortgage Warehousing Agreement”). The MIF Warehouse
Agreement is used to finance eligible mortgage loans originated
by M/I Financial.
date from June 23, 2017 to June 22, 2018, reduces the applicable
LIBOR margin from 2.50% to 2.375%, and allows the maximum amount
of borrowing availability to be increased from $125 million to
$150 million during the periods from September 25, 2017 to
October 16, 2017 and from December 15, 2017 to February 2, 2018.
The other material terms of the MIF Mortgage Warehousing
Agreement remain unchanged.
Current Report on Form 8-K and incorporated herein by reference.
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Exhibit No.
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Description of Exhibit
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10.1
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First Amendment to Second Amended and Restated Mortgage
Warehousing Agreement, dated June 23, 2017, by and among M/I Financial, LLC, as borrower, the lenders party thereto and Comerica Bank, as administrative agent. |
M I HOMES INC ExhibitEX-10.1 2 ex101miffirstamendmenttose.htm EXHIBIT 10.1 FIRST AMENDMENT TO SECOND AMENDED AND RESTATED MORTGAGE WAREHOUSING Exhibit Exhibit 10.1FIRST AMENDMENT TO SECOND AMENDED AND RESTATED MORTGAGE WAREHOUSING AGREEMENTThis First Amendment to Second Amended and Restated Mortgage Warehousing Agreement (“First Amendment”) is made as of June 23,…To view the full exhibit click here 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.
