---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-23-000113"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:44:02.849130+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes increases credit facility to $835M, extends maturity to 2028

## Summary
- Facility size raised to $835M from $780M; maturity extended to June 2, 2028.
- Liquidity and interest coverage covenant eliminated; accordion feature amended.
- New lenders Fifth Third Bank and Goldman Sachs join; Citibank, CIBC, RBC exit.
- Administrative agent changes from JPMorgan to Mizuho Bank, Ltd.
- Letter of credit sublimit increased up to total facility size at closing.

## SEC filing metadata
- accession: 0000833079-23-000113
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000083307923000113/0000833079-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307923000113/mth-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-23-000113
- JSON: https://secwatch.observer/filing/0000833079-23-000113.json
- Plain text: https://secwatch.observer/filing/0000833079-23-000113.txt

## Key facts
- Debt Financings
  Meritage Homes CORP amended credit facility of $835.0 million maturing June 2, 2028.
  - Instrument: credit facility
  - Principal: $835.0 million
  - Maturity: June 2, 2028
  - Event: amendment
  source text: On June 2, 2023, Meritage Homes Corporation (the “Company”) entered into the Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of June 13, 2014 (the “Credit Agreement”). Among other things, the Eighth Amendment increases the facility size to $835.0 million, extends the maturity date from December 22, 2026 to June 2, 2028, amends the accordion feature to permit the facility to increase by up to fifty percent of the facility size, increases the letter of credit sublimit up to the maximum size of the facility at the closing of the Eighth Amendment, eliminates the liquidity and interest coverage covenant and adjusts certain covenant basket amounts.
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000083307923000113/0000833079-23-000113-index.htm
- Material Agreements
  Meritage Homes CORP entered into Eighth Amendment to Amended and Restated Credit Agreement with Lenders valued at Amendment increases facility size to $835.0 million, extends maturity date to June 2, 2028, amends a (effective 2023-06-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Lenders
  - Value: Amendment increases facility size to $835.0 million, extends maturity date to June 2, 2028, amends a
  - Effective: 2023-06-02
  source text: On June 2, 2023, Meritage Homes Corporation (the “Company”) entered into the Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of June 13, 2014 (the “Credit Agreement”). Among other things, the Eighth Amendment increases the facility size to $835.0 million, extends the maturity date from December 22, 2026 to June 2, 2028, amends the accordion feature to permit the facility to increase by up to fifty percent of the facility size, increases the letter of credit sublimit up to the maximum size of the facility at the closing of the Eighth Amendment, eliminates the liquidity and interest coverage covenant and adjusts certain covenant basket amounts. The foregoing description is qualified in its entirety by reference to the Eighth Amendment, a copy of which is filed as an exhibit to this Current Report on Form 8-K and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000083307923000113/0000833079-23-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.