Meritage Homes Announces Pricing of $500 Million of 5.650% Senior Notes Due 2035

Core Viewpoint - Meritage Homes Corporation has announced a public offering of $500 million in senior notes with a 5.650$500 million aggregate principal amount of 5.650% Senior Notes due March 15, 2035 [1]. - The senior notes will pay interest semi-annually at a rate of 5.650% per year [1]. - The closing of the offering is expected to occur on March 6, 2025, subject to customary closing conditions [5]. Group 2: Management and Underwriters - J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, and others are acting as Joint Book-Running Managers for the transaction [2]. - TCBI Securities, Inc., Wedbush Securities Inc., and Comerica Securities, Inc. are acting as Joint Co-Managers [2]. Group 3: Regulatory Information - The offering is made pursuant to an effective shelf registration statement filed with the SEC [3]. - Copies of the prospectus supplement and accompanying prospectus can be obtained free of charge from the SEC website or by contacting the underwriters [3]. Group 4: Company Overview - Meritage Homes Corporation is the fifth-largest public homebuilder in the U.S., based on homes closed in 2023 [7]. - The company specializes in energy-efficient and affordable entry-level and first move-up homes [7]. - Its operations span across multiple states including Arizona, California, Texas, and Florida [7].