M/I Homes Enters Material Definitive Agreement

Ticker: MHO · Form: 8-K · Filed: Sep 19, 2025 · CIK: 799292

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation, 8-k

TL;DR

M/I Homes just signed a big deal, creating a new financial obligation.

AI Summary

On September 18, 2025, M/I Homes, Inc. entered into a material definitive agreement, which also created a direct financial obligation for the company. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or contract for M/I Homes, Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

FAQ

What type of material definitive agreement did M/I Homes, Inc. enter into?

The filing indicates the entry into a material definitive agreement but does not specify the exact nature of the agreement in the provided text.

What is the nature of the direct financial obligation created?

The filing states that a direct financial obligation has been created, but the specific details of this obligation are not provided in the excerpt.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated September 18, 2025.

What is M/I Homes, Inc.'s state of incorporation?

M/I Homes, Inc. is incorporated in Ohio.

What are the principal executive offices of M/I Homes, Inc.?

The principal executive offices are located at 4131 Worth Avenue, Suite 500, Columbus, OH 43219.

Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-09-19 07:48:48

Key Financial Figures

Filing Documents

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On September 18, 2025, M/I Homes, Inc. (the "Company") entered into a Seventh Amendment (the "Seventh Amendment") to the Company's unsecured revolving credit facility, dated July 18, 2013, among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent (as so amended, the "Credit Agreement"). 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. The Seventh Amendment also provides an accordion feature pursuant to which the maximum borrowing availability may be increased at the request of the Company to an aggregate of $1.05 billion, subject to obtaining additional commitments from lenders and other terms and conditions of the Credit Agreement. Interest on amounts borrowed under the Credit Agreement is payable at multiple interest rate options, including one, three, or six month adjusted term secured overnight financing rate ("SOFR") plus a margin. The Seventh Amendment decreased the SOFR margin to 150 basis points from 175 basis points (based on the Company's leverage ratio at June 30, 2025). The SOFR margin is subject to adjustment in subsequent quarterly periods based on the Company's leverage ratio. The Seventh Amendment also decreased the commitment fee paid quarterly by the Company on the remaining available commitment amount by 5 basis points, to 25 basis points, which is also subject to adjustment in subsequent quarterly periods based on the Company's leverage ratio. Additionally, the Seventh Amendment increased the borrowing base advance rates for certain categories of inventory used to calculate the available amount under the Credit Agreement. As of June 30, 2025, there were no borrowings outstanding and $88.5 million of letters of credit outstanding under the Credit Agreement. Certain of the lenders party to the Seventh Amendment are also le

03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF- BALANCE SHEET ARRANGEMENT OF A REGISTRANT The information set forth above under Item 1.01 relating to the Company's entry into the Seventh Amendment is hereby incorporated by reference into this Item 2.03.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Seventh Amendment to Credit Agreement, dated September 19, 2025, by and among M/I Homes, Inc., as borrower, the lenders party thereto, and PNC Bank, National Association, as administrative agent. 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: September 19, 2025 M/I Homes, Inc. By: /s/ Ann Marie W. Hunker Ann Marie W. Hunker VP, Chief Accounting Officer and Controller

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