M/I Homes amends credit facility, raising commitments to $900.0 million and extending to 2030
M/I Homes entered into a Seventh Amendment to its unsecured revolving credit facility, increasing lender commitments to $900.0 million from $650.0 million and extending maturity to September 18, 2030. The amendment also lowers the SOFR margin and commitment fee, which reduces the company's borrowing costs under the facility, and no borrowings were outstanding as of June 30, 2025.
Key points
- Commitments increased to $900.0 million from $650.0 million; accordion feature allows up to $1.05 billion with lender approval
- Maturity extended to September 18, 2030
- SOFR margin cut to 150 basis points from 175 basis points; commitment fee cut 5 basis points to 25 basis points
- As of June 30, 2025, no borrowings outstanding and $88.5 million of letters of credit outstanding
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 19, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.