Meritage Homes increases credit facility to $980M, extends maturity to 2031

Meritage Homes CORP

Revolving facility raised to $980M from $910M; accordion feature increased to $1.47B.
Maturity extended from July 9, 2030 to June 24, 2031.
Adjusted SOFR rate adds 0.10% spread for both Daily Simple and Term SOFR.
Minimum net worth test updated: base of $3.531B (from $3.602B) plus 50% of positive net income and equity proceeds after March 31, 2026.
Guarantors reaffirmed guarantee; no defaults occurred as of the amendment date.

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