debt
confidence high
sentiment neutral
materiality 0.40
Meritage Homes upsizes credit facility to $910M, extends maturity to 2029
Meritage Homes CORP
- Facility size increased from $835M to $910M; accordion feature allows further increase to $1.365B.
- Maturity date extended from June 2, 2028 to June 12, 2029.
- Pricing grid revised; Mizuho Bank becomes administrative agent, replacing JPMorgan.
- No default or event of default as of amendment date; representations reaffirmed.