Brief: M/I Homes Inc On June 30 Entered Into Third Amendment To Co's Unsecured Revolving Credit Facility

M/I Homes

01/07/2020 22:15

July 1 (Reuters) - M/I Homes Inc  MHO.N :
    * M/I HOMES INC - ON JUNE 30 ENTERED INTO A THIRD AMENDMENT
TO
CO'S UNSECURED REVOLVING CREDIT FACILITY, DATED JULY 18, 2013
    * M/I HOMES - THIRD AMENDMENT EXTENDED MATURITY OF
COMMITMENTS
FROM LENDERS TOTALING $475.0 MILLION TO JULY 18, 2023
    * M/I HOMES INC - UNDER THIRD AMENDMENT, ONE LENDER WITH
EXISTING
COMMITMENT OF $25.0 MILLION RETAINED EXISTING MATURITY OF JULY
18, 2021
    * M/I HOMES - THIRD AMENDMENT INCREASED REQUIRED MINIMUM
LEVEL OF
CONSOLIDATED TANGIBLE NET WORTH TO $726.7 MILLION
    * M/I HOMES - THIRD AMENDMENT PROVIDES ACCORDION FEATURE
UNDER
WHICH MAXIMUM BORROWING AVAILABILITY MAY BE INCREASED TO $600.0
MILLION

Source text: [ID:https://bit.ly/2BZXRkp]
Further company coverage:  MHO.N 

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