* Says replaces $150 mln credit facility
* Says paid outstanding obligation under prior facility
June 14 Single-family homebuilder M/I Homes Inc
(MHO.N) said it entered into a new three-year revolving credit
facility of $140 million with a group on nine banks, replacing
a $150 million credit facility maturing in October 2010.
In a filing with the U.S. Securities and Exchange
Commission, the company said as a condition of the termination
of the prior credit agreement, it paid its outstanding
obligations under the agreement, but incurred no prepayment
The company said PNC Bank and National Association would be
the Administrative Agent for the new credit facility.
Shares of the company were trading up a percent at $10.87
in trading after the bell. They closed at $10.74 Monday on the
New York Stock Exchange.
(Reporting by Megha Mandavia in Bangalore; Editing by Prem