Meritage Homes extends credit facility maturity to Dec 2026, transitions to SOFR

Meritage Homes CORP

Maturity extended from Dec 22, 2025 to Dec 22, 2026 via Seventh Amendment.
Benchmark interest rate replaced from LIBOR to SOFR (term SOFR + 10 bps adjustment).
Total commitments remain $780M across 13 lenders; no change in aggregate amount.
Interest rate margins unchanged: Term SOFR 125-175 bps, ABR 25-75 bps based on leverage.
No new borrowings; facility continues as revolving credit.

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