M/I HOMES, INC. (NYSE:MHO) Files An 8-K Other EventsItem 8.01Other Events.
On March 13, 2013, M/I Homes, Inc. (the “Company”) issued $86.250 million in aggregate principal amount of 3.0% Convertible Senior Subordinated Notes due 2018 (the “2018 Convertible Notes”). The 2018 Convertible Notes mature on March 1, 2018, and the deadline for holders to convert the 2018 Convertible Notes was February 27, 2018. As a result of conversion elections made by holders of the 2018 Convertible Notes, (1) approximately $20.309 million in aggregate principal amount of the 2018 Convertible Notes are being or have been settled through the issuance of approximately 0.629 million common shares of the Company in the aggregate and (2) the Company will repay in cash approximately $65.941million in aggregate principal amount of the 2018 Convertible Notes at maturity.
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.