Meritage Homes CORP (MTH): debt financing — Meritage extends credit facility maturity to 2030, updates net worth covenant

Meritage Homes CORP

Maturity date extended from June 12, 2029 to July 9, 2030 under Eleventh Amendment.
Total commitments unchanged at $910M; letter of credit sublimit set at $370M.
Minimum tangible net worth covenant reset: floor of $3.602B plus 50% of positive net income and equity proceeds after March 31, 2025.
Lenders include Mizuho (agent), JPMorgan, Bank of America, and others; no new borrowing.
Guarantors reaffirm obligations; no defaults or events of default.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Meritage Homes CORP amended credit facility maturing July 9, 2030.

Instrument: credit facility
Maturity: July 9, 2030
Event: amendment

Exact text from the filing

the Eleventh Amendment extends the maturity date from June 12, 2029 to July 9, 2030.

View on SEC.gov

Browse all debt financings →

Meritage Homes CORP filing history →

Source: SEC EDGAR

accession 0000833079-25-000112

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.