M/I Homes, Inc., Columbus (NYSE:MHO) on Monday said its offer to exchange $200 million in 8.625% 2018 senior notes, which were issued in a private placement for an equal amount of its 8.625% 2018 notes registered under the Securities Act of 1933, has been completed.
The exchange offer expired at 5:00 p.m., New York City time, on June 10. As of that time, 100%, of the original notes had been validly tendered for exchange and not validly withdrawn. All were accepted for exchange. The company said it expects settlement of the exchange offer will occur on or about June 13.
The exchange offer was made to satisfy the company’s obligations under a registration rights agreement entered into on November 12, 2010 in connection with the issuance of the original notes and does not represent a new financing transaction.
