secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0000833079-21-000169
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307921000169/0000833079-21-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307921000169/mth-20211217.htm
  HTML page:      https://secwatch.observer/filing/0000833079-21-000169

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer