Meritage Homes Announces Closing of $300 Million of 5.125% Senior Unsecured Notes Due 2027
June 06 2017 - 9:18AM
Meritage Homes Corporation (NYSE:MTH), a leading U.S. homebuilder,
today announced the closing of a private placement of $300 million
aggregate principal amount of 5.125% senior unsecured notes due
June 6, 2027 (the “notes”). The completed transaction resulted in
approximately $296 million in net proceeds to the Company. The
notes were offered 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.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation, or sale in any jurisdiction in which such
offer, solicitation, or sale is unlawful. The securities will not
be registered under the Securities Act of 1933, as amended, or any
state securities laws, and unless so registered, may not be offered
or sold in the United States except pursuant to an exemption from
the registration requirements of the Securities Act and applicable
state laws.
About Meritage Homes Corporation:
Meritage Homes is the eighth-largest public homebuilder in the
United States, based on homes closed in 2016. Meritage Homes builds
and sells single-family homes for first- time, move-up, luxury and
active adult buyers across the Western, Southern and Southeastern
United States. Meritage Homes builds in markets including
Sacramento, San Francisco Bay area, southern coastal and Inland
Empire markets in California; Houston, Dallas-Ft. Worth, Austin and
San Antonio, Texas; Phoenix/Scottsdale, Green Valley and Tucson,
Arizona; Denver and Fort Collins, Colorado; Orlando, Tampa and
south Florida; Raleigh and Charlotte, North Carolina;
Greenville-Spartanburg and York County, South Carolina; Nashville,
Tennessee; and Atlanta, Georgia.
Meritage Homes has designed and built over 100,000 homes in its
31-year history, and has a reputation for its distinctive style,
quality construction, and positive customer experience. Meritage
Homes is the industry leader in energy-efficient homebuilding and
has received the U.S. Environmental Protection Agency's ENERGY STAR
Partner of the Year for Sustained Excellence Award every year since
2013 for innovation and industry leadership in energy efficient
homebuilding.
For more information, visit www.meritagehomes.com.
Contact:
Brent Anderson, VP Investor Relations
(972) 580-6360 (office)
Brent.Anderson@meritagehomes.com
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