M/I Homes Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$MHO
Homebuilding
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
| CURRENT REPORT | ||
| Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934 | ||
Date of Report (Date of earliest event reported): October 22, 2024
| (Exact name of registrant as specified in its charter) | ||||||||||||||
| (State or other jurisdiction | (Commission | (I.R.S. Employer | ||||||||||||
| of incorporation) | File Number) | Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(614 ) 418-8000
(Telephone Number)
| N/A | ||
| (Former name or former address, if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit No. | Description of Exhibit | |||||||
| 10.1 | ||||||||
| 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
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 | |||||