Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder,
today announced the pricing of $200 million aggregate principal amount
of 6.00% senior unsecured notes due June 1, 2025 (the “notes”). The new
notes were sold at par. 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. The expected closing date for the private placement of
these notes is June 2, 2015.
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 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 2014. Meritage 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 builds in markets including Sacramento, San Francisco's East
Bay, the Central Valley and Orange County, California; Houston,
Dallas-Ft. Worth, Austin and San Antonio, Texas; Phoenix/Scottsdale,
Green Valley and Tucson, Arizona; Denver and Fort Collins, Colorado;
Orlando and Tampa, Florida; Raleigh and Charlotte, North Carolina;
Greenville-Spartanburg and York County, South Carolina; Nashville,
Tennessee; and Atlanta, Georgia.
Meritage has designed and built more than 85,000 homes in its 30-year
history, and has a reputation for its distinctive style, quality
construction, and positive customer experience. Meritage 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 in 2013, 2014 and 2015, for innovation and
industry leadership in energy efficient homebuilding. Meritage was the
first national homebuilder to be 100 percent ENERGY STAR qualified in
every home it builds, and far exceeds ENERGY STAR standards today.
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