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M/I Homes plans paydown under $400 million revolver via notes issue
By Susanna Moon
Chicago, Nov. 23 – M/I Homes, Inc. said it plans to repay debt under its $400 million unsecured revolving credit facility using proceeds of a new notes issue.
The company also plans to redeem all $230 million principal amount of its outstanding 8 5/8% senior notes due 2018, according to a company press release.
M/I Homes plans to offer $300 million principal amount of senior notes due 2020 under Rule 144A and Regulation S.
M/I Homes builds single-family homes and is based in Columbus, Ohio.
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