M/I Homes Enters Material Definitive Agreement
Ticker: MHO · Form: 8-K · Filed: Oct 25, 2024 · CIK: 799292
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
M/I Homes signed a big deal on 10/22, filing details soon.
AI Summary
On October 22, 2024, M/I Homes, Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement or any associated dollar amounts at this time, but it indicates the filing of financial statements and exhibits related to this event.
Why It Matters
This filing signals a significant new contract or partnership for M/I Homes, which could impact its future financial performance and operational strategy.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not yet disclosed, introducing uncertainty about its potential impact on the company.
Key Players & Entities
- M/I Homes, Inc. (company) — Registrant
- October 22, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by M/I Homes, Inc.?
The filing does not specify the details of the material definitive agreement.
When was the material definitive agreement entered into?
The agreement was entered into on October 22, 2024.
What is the exact filing date for this 8-K report?
The filing was made on October 25, 2024.
What is the principal executive office address for M/I Homes, Inc.?
The address is 4131 Worth Avenue, Suite 500, Columbus, OH 43219.
What is the SIC code for M/I Homes, Inc.?
The Standard Industrial Classification code is 1531 for Operative Builders.
Filing Stats: 670 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-10-25 09:40:52
Key Financial Figures
- $300 million — s for a maximum aggregate commitment of $300 million. The other material terms of the MIF
Filing Documents
- mho-20241022.htm (8-K) — 27KB
- a786-secondomnibusamendmen.htm (EX-10.1) — 57KB
- 0000799292-24-000088.txt ( ) — 218KB
- mho-20241022.xsd (EX-101.SCH) — 2KB
- mho-20241022_lab.xml (EX-101.LAB) — 22KB
- mho-20241022_pre.xml (EX-101.PRE) — 13KB
- mho-20241022_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On October 22, 2024, M/I Financial, LLC ("M/I Financial"), a wholly-owned subsidiary of M/I Homes, Inc. (the "Company"), entered into a Second Omnibus Amendment and Joinder to Transaction Documents (the "Amendment") to the Master Repurchase Agreement, (as amended by the Omnibus Amendment to Transaction Documents dated as of July 16, 2024 the "MIF Mortgage Repurchase Facility") dated as of October 24, 2023 with JPMorgan Chase Bank, N.A., as administrative agent for itself as a buyer and the other buyers listed therein. The purpose of the MIF Mortgage Repurchase Facility is to finance eligible mortgage loans originated by M/I Financial. The Amendment: (a) extends the term of the MIF Mortgage Repurchase Facility to the earlier of (i) October 21, 2025 or (ii) the date when the Buyers' commitments are terminated pursuant to the MIF Mortgage Repurchase Facility by order of any Governmental Authority or by operation of law, and (b) provides for a maximum aggregate commitment of $300 million. The other material terms of the MIF Mortgage Repurchase Facility remain unchanged. The foregoing summary of the material terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. All capitalized terms not otherwise defined herein are as defined in the 2023 MIF Mortgage Repurchase Facility.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Second Omnibus Amendment and Joinder to Transaction Documents, by and among M/I Financial, LLC, Truist Bank, The Huntington National Bank, Texas Capital Bank and JP Morgan Chase Bank, N.A., dated as of October 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).* *Submitted electronically with this Report in accordance with the provisions of Regulation S-T.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 25, 2024 M/I Homes, Inc. By: /s/ Ann Marie W. Hunker Ann Marie W. Hunker VP, Chief Accounting Officer and Controller