M/I Homes To Raise $300 Mln Via Senior Notes Offering

M/I Homes, Inc. (MHO), involved in building single-family homes on Monday announced that it plans to raise $300 million aggregate principal through senior notes due 2030 in an unregistered offering as per securities regulations.

The Company intends to use the net proceeds to redeem all $250 million of its outstanding 5.625% senior notes due 2025 and for general corporate purposes.

M/I Homes closed Friday's trading at $61.85, down $0.95 or 1.51 percent from previous close.

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