Meritage Homes Extends Expiration of Registered Exchange Offer to September 21, 2017
September 15 2017 - 8:10AM
Meritage Homes Corporation (NYSE:MTH) today announced that it has
extended the expiration date of its offer to exchange up to
$300,000,000 in aggregate principal amount of its 5.125% Senior
Notes due 2027 (Exchange Notes), for an equal amount of its
privately placed 5.125% Senior Notes due 2027 (Original Notes), to
5:00 p.m. (New York City Time) on Thursday, September 21,
2017. As of 5:00 p.m. (New York City Time) on September 14,
2017, the original expiration date of the exchange offer,
approximately $299,720,000 (or about 99.9% of such Original Notes)
in aggregate principal amount of Original Notes had been tendered
for exchange and received by the exchange agent for the exchange
offer. Meritage is extending the exchange offer to provide
holders of any remaining Original Notes additional time to exchange
their notes for Exchange Notes.
Meritage will accept for exchange any and all Original Notes
validly tendered and not withdrawn prior to the new expiration date
of the exchange offer at 5:00 p.m. (New York City Time) on
Thursday, September 21, 2017, unless extended. Meritage does
not currently intend to extend the exchange offer any further.
The Exchange Notes are substantially identical to the Original
Notes, except that the Exchange Notes have been registered under
the Securities Act of 1933, as amended, and will not bear any
legend restricting their transfer.
The terms of the exchange offer and other information relating
to Meritage are set forth in a prospectus dated August 16,
2017. Copies of the prospectus and the related letter of
transmittal may be obtained from Wells Fargo Bank, National
Association which is serving as the exchange agent for the exchange
offer. Wells Fargo’s address, telephone and facsimile numbers
are as follows: Wells Fargo Bank, N.A.Corporate Trust
Operations MAC N9300-070 600 South Fourth StreetMinneapolis,
MN 55402Telephone: (800) 344-5128Fax: (612) 667-6282
This announcement is neither an offer to sell nor a solicitation
of an offer to buy or exchange the Exchange Notes or the Original
Notes. The exchange offer is made solely by Meritage’s
prospectus dated August 16, 2017.
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, 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
32-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.
|
|
|
|
|
|
|
|
Contacts: |
Brent Anderson, VP
Investor Relations |
|
|
|
|
(972) 580-6360
(office) |
|
|
|
|
Brent.Anderson@meritagehomes.com |
Meritage Homes (NYSE:MTH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Meritage Homes (NYSE:MTH)
Historical Stock Chart
From Apr 2023 to Apr 2024