In This Article:
SCOTTSDALE, Ariz., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”) announced today that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035 (the “senior notes”). The senior notes will pay interest semi-annually at a rate of 5.650% per year and will mature on March 15, 2035. The closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of customary closing conditions. Meritage intends to use the net proceeds of the offering for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as Joint Book-Running Managers in the transaction. TCBI Securities, Inc., Wedbush Securities Inc. and Comerica Securities, Inc. are acting as Joint Co-Managers.
The offering is being made pursuant to an effective shelf registration statement that Meritage has filed with the Securities and Exchange Commission (the “SEC”) (File No. 333-279002) and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by emailing prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; by contacting BofA Securities, Inc. at 1-800-294-1322, or by emailing dg.prospectus_requests@bofa.com; by contacting Goldman Sachs & Co. LLC at 1-866-471-2526, by facsimile at 212-902-9316, or by emailing prospectus-ny@ny.email.gs.com; by contacting Mizuho Securities USA LLC at (866) 271-7403.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
The information included in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on the current beliefs and expectations of Company management and current market conditions, which are subject to significant uncertainties and fluctuations. Actual results may differ from those set forth in the forward-looking statements. The Company makes no commitment, and disclaims any duty, except as required by law, to update or revise any forward-looking statements to reflect future events or changes in these expectations. Forward-looking statements in this release include that the closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of customary closing conditions, and that Meritage intends to use the net proceeds for general corporate purposes.