Meritage Homes Corporation announced the pricing of a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035. The notes will pay interest semi-annually and 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 from this offering for general corporate purposes.
This financing event enhances the company's liquidity and provides capital to support its ongoing operations and strategic initiatives in the homebuilding sector.
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