M/I Homes Announces Commencement of Exchange Offer for 8.625% Senior Notes due 2018
M/I Homes, Inc. (NYSE: MHO) today announced that it has commenced a registered exchange offer to exchange any and all of its $30,000,000 aggregate principal amount of 8.625% Senior Notes due 2018 which were issued in a private placement on May 8, 2012 for an equal principal amount of its 8.625% Senior Notes due 2018 which have been registered under the Securities Act of 1933, as amended.
The exchange offer is being made to satisfy the Company's obligations under a registration rights agreement entered into on May 8, 2012 in connection with the issuance of the Original Notes, and does not represent a new financing transaction. The Company will not receive any further proceeds from the exchange offer.
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