secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2026-06-29T20:30:39+00:00
Accession:  0000833079-26-000122
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307926000122/0000833079-26-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307926000122/mth-20260624.htm
  HTML page:      https://secwatch.observer/filing/0000833079-26-000122

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