Meritage homes announces offering of $400 million of senior unsecured notes due 2029

Scottsdale, ariz., march 31, 2021 (globe newswire) -- meritage homes corporation (nyse: mth), a leading u.s. homebuilder, today announced its intention to offer, subject to market and other conditions, $400 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”) to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”), and outside the united states to persons other than u.s. persons in reliance upon regulation s under the securities act. meritage intends to use a portion of the proceeds to redeem all of its $300 million aggregate principal amount of 7.00% senior notes due 2022 (“existing notes”).
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