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Stock impact report

M/I Homes Announces Extension of Credit Facility to 2030 and Increase to $900 Million [Yahoo! Finance]

M/I Homes, Inc. (MHO) 
Last m/i homes, inc. earnings: 4/29 08:30 am Check Earnings Report
US:NYSE Investor Relations: mihomes.com/support/investors
Company Research Source: Yahoo! Finance
The amendment increases borrowing availability from $650 million to $900 million and extends the maturity to September, 2030. There were no borrowings outstanding at the closing date. M/I Homes, Inc. Logo (PRNewsfoto/M/I Homes, Inc.) Robert H. Schottenstein, Chief Executive Officer and President, commented, "We are very pleased to announce the amendment and extension of our existing credit facility. Our financial condition is very strong with zero borrowings under our existing credit facility, a cash position of $800 million, homebuilding debt-to-capital of 18%, and a net debt-to-capital ratio of negative 3% at June 30, 2025. Extending our credit facility to a five-year term and the $250 million of increased commitment amounts from our lenders provides additional liquidity and financial flexibility that further strengthens our company as we look to the future." M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operat Show less Read more
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