M / I HOMES, INC. : conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, financial statements and supporting documents (Form 8-K)
SECTION 1.01 ACCESS TO A MATERIAL DEFINITIVE AGREEMENT
Interest on amounts borrowed under the Credit Agreement is payable at a rate adjusted daily and equal to the sum of the one-month LIBOR rate plus a margin. The Fourth Amendment reduced the one-month LIBOR floor from 0.75% to 0.25% and lowered the LIBOR margin from 250 basis points to 175 basis points (based on the Company’s leverage ratio at
Some of the Fourth Amendment lenders are also lenders and / or serve as administrative agents under a
The foregoing summary is qualified in its entirety by reference to the Fourth Amendment which is attached as Exhibit 10.1 to this current report on Form 8-K and incorporated herein by reference. All capitalized terms not defined herein are as defined in the Credit Agreement.
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 Fourth Amendment is hereby incorporated by reference into this Item 2.03. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Fourth Amendment to Credit Agreement, dated June 10 , 202 1 , 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 ST Regulation.
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